IDEA 1 - If it breaks the and the trendline it would go lower to the next zone which is either at the 38.2% or around the 61.8% on fibs (that's more long term those levels as I did the fibs a bit wider, however even if I did a smaller fibs the zones I drew out will still be around key levels).
IDEA 2. If it instead respects the trendline and pretty much the then it can go to test the . Also I did a counter trendline as that could be a possible confirmation for it to go higher plus a possible entry once it breaks and then retests. If it gets to the at the top, breaks wait for the retest there and there's a good possible entry.
When it does break the zone that's when you drop down to the lower time frames to get more precise entries on the retest