Number one, we can find that there is a huge demand where the market couldn't close below a previous low, this demand resulted in the market breaking the structure and making a new long term weekly high, now the market is moving in a corrective waves which can look like a channel, this area is also a demand zone as well as AB=CD,
What can we do now? if you are trading long timeframes or short timeframes, we could wait few days and look at lower time frames, try to find confirmation/s depend on your preferred analysis. Enjoy!