This will be a great buying opportunity in my opinion. I can see it creating a uptrend after touching the lower trendline so it might go all the way up to the trendline above. It made a selling opportunity 9 days ago making it seem like it would begin to make a downtrend, but it went back to making an uptrend 2 days and 16 hours ago. Right now it's down at support and will have a good chanse to go up to resistance.
Comment:
Just noticed the "potential higher high" will actually be above resistance level if it make it that far.