I agree with you on MEL, but your post reminded me I should have shown the major fork when I referred to it in my earlier post.
Essentially that support (now acting as resistance) tine on the main fork will be a tough one, and the descending resistance on the black fork will complicate matters. The black tine has been bent by the rally, but the major fork stopped price dead in it's tracks.
From my perspective I would want to see the major fork cracked before I tried to do a momentum trade on it. It's fine to initiate a position down on the static support line at 60ish, so long as you have your stop strategy worked out, but I would save the main game for confirmation by cracking the overhead resistance first, and reduce the potential profit, but significantly reduce the risk.
My preference would be to get an entry on the back test of the main fork resistance tine after the main fork was penetrated.
Maybe we need a "trench warfare trading" segment as well as charting.
