Classic price action says that after every successive move there must be a secondary move, 50% retracement must be hit in order to move in a healthy trend. The zone will be well respected and also is in confluence with .5% fib levels.
Over here we can observe the chart forming a good pattern which is a triangle, the fight between bulls and bears will be interesting. According to the classic price action rules, break on either side of the trendlines will result into further trending moves in that direction.
