i see this as a ripe condition - for the swing trade.
intraday the open range was crossed below and we are short on the basis: see related post
let price show a bit more confirmation before entry - or sell a pullback and rejection of resistance
i feel a short could be in order here - or at least a scale out of longs
but congestion along this zone is potential - followed by a bias long or sell off profit taking...ending to the week...