If this resistance holds without breaking point 2 we will see a lower low below point 3.
In trading words it would be logical to sell now at the resistance with target at 1,618 level of fib expansion between point 2 and 3.
On the other side, the break up at point 2 would be an opportunity to buy with target at 1,618 level of the fib retracement.
Ckeck your information and match it with this idea. Good luck.