Short term we might see at least one more leg higher. This might provide a buy day trade opportunity,
However I think that in terms of the bigger picture there is more price action to come which will provide another sell opportunity once this consolidation is over.
We either see a deeper correction towards the upper structure zone shown by means of the non-horizontal trend line. (this will also result in closing the gap). However the current move higher is corrective so in case of a deeper retrace we should see a corrective wave lower for a wave B first. This move lower will determine what's next because since the current 'bullish'/sideways' move is corrective a bearish break and continuation is also possible. Therefore I will wait to see how the next move lower will unfold, will it be an impulse or another corrective leg?
When you say you are quite precise in what you look for in a trade setup. For entry are you looking for 1. structure, 2. break of a trendline for confirmation of direction, 3. pullback - consolidation (corrective wave I assume...) of a lesser degree? Is that right?
Occasionally you will say buy/sell on breakout instead of wait for consolidation...Or does that still come under 3. pullback - consolidation of a lesser degree?
Good trading to you!