Look for massive resistance around this level. This gap fill is 3 years in the making and likely has the attention of a lot of smart money. Notice that this level is confluent with a completed Wave-4 triangle which is a very common pattern for this type of correction. Exciting time to trade! Keep an eye out!
The most probable scenario is continued rally to the top of the channel. This presents an opportunity to take a long position with a SL against the invalidation level of the rally on the lower timeframe. Cheers.
1H Timeframe EW Count: