Just some thoughts.... I expect that is a consolidation event -...

Just some thoughts....

I expect that is a consolidation event - effectively mopping up the inevitable supply drawn out when there is a large price gain over a short period of time.
You can trade the consolidation for pips if that's your thing.
Overall, the next decent trade will come from a new breakout (or successful test of the breakout)above the controlling bar, if the stock is strong enough.
Generally - the higher within the range price can consolidate, the stronger the broader sentiment in the individual market.
So a consolidation that does not test below ~50% of the controlling bar, is generally much stronger than one which tests all the way back to the lows of the same bar.

cheers