A strong horizontal support has appeared within an up channel
This horizontal should remain and the channel should continue, as continuation is most likely.
If a breakdown occurs look for the channel to break before anything matters.
Some chart pattern can be Identified on chart, both wedges.
An uptrend can be drawn through the larger wedge
Allowing a support point to be found if price breaks down to 0.618 fib level (as indicated by bars pattern)