Hit like/comment if above information is useful.
If one has to play on long side, look for buying opportunities above 338.50 to play the upside.
A break on the upside may easily take it up to 350/360, While a breakdown will easily shoots towards 325/320.
And my SL for the rest of position is @ 336. I ll still suffer some if my stop gets hit.
And yes at that point I would call it a pattern failure.
Breaking it is a different setup. Plz have a look at short term long setup mentioned in the comment above. One can stay in buy mode as long as not stopped out.