As you can see, the sellers want to break the channel, as if it didn't exist anymore. It could even go lower, setting false signals to sellers, before attracting a large pool or patient buyers, hence push the market to create pullback and rally sharply thereafter (the upper target is approximative and "ideal", would need to see what signals and price discoveries the market would grant us with). Once the market is high "enough", all the sellers who missed the train would act in unison with the speculators and big guns who would unload everything they "can". In case of a more turbulent panic, many stop orders could be triggered, sending the market much lower. If all the potential supports are destroyed with very high momentum, then it would be much more prudent to invalidate the scenario / reverse your position or simply step aside. Volatility is back in town :)