It seems possible at this stage that a triangle pattern will come in to play.
I have no idea if it will, but if it does I see it presenting a good opportunity to go long on a tap of the lower trendline as long as there is an equivalent symmetrical tap on the upper trendline as shown.
If the market does reach the upper trendline first (as shown), it could present an opportunity to go short but Iโd consider this a high risk trade.
I see that more as a place in this scenario to take partial profits if already long rather than shorting.
Again, the pattern shown is not a forecast and each leg of the path shown should not necessarily be traded as especially the first couple of paths are unlikely to play out as expected.
It is only the final move which becomes a good opportunity as that confirms the triangle pattern.
Right now I do not know if one is forming, that is just a hunch.