This pair is holding the upward trendline
from mid April
. Since mid June however, we have put in a downward channel
. Both of these have held. Look price action as we near the top of the channel. This area coincides with the .382 and horizontal resistance (red line). A break of this area will put in focus the top of the triangle. A touch of the top of the triangle would also be point e if you're an elliott wave
person, in which would look for a downward break of the wedge
in a more immediate fashion.