The numbers refer to the chart:
1 - TRAK hit 200 EMA and horizontal resistance
2 - Broke through 200 EMA
3 - Met horizontal resistance
4 - Is this the pullback?
So, will TRAK break through the resistance or will it hold? Wait and see.
As there's just been a major Bearish breakout, we must wait for further action before we take a position here. Will price break back inside the level and print a Bullish setup? or will this new resistance hold and and reject price down further? Wait for price action and only engage when it's formed.