Bull Trap or New ATH?

I've simplified the chart to four large impulsive moves. The green arrow shows the last complete move we've had, which I used to find the 0.6 Fibonacci retracement line. I want to see how price reacts if we hit this level (10070). There is also an overall trend line that we've rejected off each time we've touched it. If we can break through these two points and hold above, it will be heavily in favor of the bulls. This decision point will determine the trend of the next few months so personally I'm waiting to see how price plays out.

TLDR:
Break and hold above 10070 / Trendline = Bullish
Rejection from these levels = Bearish