Brief Rally Ahead?

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There is no confirmation that this upward consolidation is complete, however, today's break of last week's low may indicate weakening and suggest that the pattern will complete at a lower high than the 1230 level. It looks like a brief upward flat pattern may form here which suggests 2-3 days of upward prices from here. This would likely give another test of the red resistance line before a possible break to new lows. See the notes on the chart for additional info.

I am going to hold the current TWM trade open with this in mind, but a breakeven stop could be used to remove risk.