I'l watch for breakout here.
If price is breakout of the trend, the 2 line is your opportunity to short for the pullback.
If you plan for short trade, stop loss should be above previous resistance or 10 pips above the 200MA and take partial profit at the arrow target.
Potential Shark Pattern
How to trade SHARK?
•A B leg extends OX leg between 113% – 161.8%
•B C leg extends beyond O by 113% of the OX leg
•B C leg is also an extension of A X by 161.8% – 224%
Enjoy trading guys!