We can see a nice, clear descending channel. It is VERY tempting to want to short it here, however, i am not convinced it will reject (surprisingly) This was some really strong momentum retesting the upper trend line, along with A TON of buying pressure at the bottom and not so much selling pressure i can see at the top. Descending channels have a bullish breakout. So I would wait just a little on a possible bullish breakout from this channel, or simply wait for more confirmation on the move down. One way or the other, there is a lot of room to enter for a play. Watch these fib levels for resistances if we breakout to the upside!