1) In the worst case, price breaks out trend channel. Then we should wait for restest to the upside for entering short.
2) Sell at price close to 200 when price breaks channel to the upside
3) 4 hr too high now. So look for new high and then possible short term selling.
This could retest , only enter long if channel resists.
We are in wave 5, normally don't pass like wave 4 does.