1) It bounces back up to test the previous highs
2) It blows through and creates a
3) It bounces 1/2 way back and then disrespects the zone.
I like to wait for a close in the zone and then set my entry at the upper zone line. If price actions continues through my zone, no harm no foul. Look for a shorting of the . If it bounces back up it is a nice tight zone and you can get a 4:1 return below the previous highs. I move to break even when it gets to 1/2 way back.
If you like the idea play with it a bit and see what you can find.