There's a case for a . Quite often you see the small bounce off the neckline before a break.
I like how price has failed or is beaten away from attempts of pushing through 50ma which is also under the 50% fib retracement of the C to D leg.
From point D to the recent lower high I have drawn a projected 161.8 move which is shown as the trade. stop at around 39.8 offers and if price was to move up to that point the chart would start to look .
I always like to look at the other side of the trade also. looking from a scenario a move above the 50ma would project to be between 42.5 and 45.