Update: Has moved very well since I last posted this suggestion (See my related ideas) expecting some more solid upside here.
Rounded bottom/accumulation at the bottom of the range right at the previous support level. after a bearish impulse leg it's likely a correction will be seen to the highs. This could happen in the form of a corrective or impulse leg, either way it's a good opportunity to make some nice points. I hope you have a tested strategy to trade this move when it starts.