That resistance could form a handle, needing strong watch, for major cup & handle pattern break. For now It's a weekly watch for retrace at resistance. We want that. So cup & handle becomes active, projecting $1.70 run on handle break.
With continuation past 5% above the left lip, it could take the bump & run path and eventually retrace to the green lower trend line. I say a cup & handle is active, as long as the lips are within 5% of each other. The bump & run would become active if top resistance is broken.
This could go either way and needs a late entry for safety. I wouldn't play the handle breakout, at all, but wait for top resistance break!!! Cup & handle is a positive pattern / Bump & Run negative. Existing play exit at green line breakdown and new play entry at top resistance breakout.
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