Disclaimer: noob, and this is a pretty simple analysis but there can't be a more textbook channel.
Pretty sure there are only two realistic options here, both soon to become bulls:
1) Bounce from 35.5 to 46 in minor recent channel (weak resistance line, sure, you may even say 'what resistance line'?)
2) Bounce from 33.5 to 56 in major, very solid channel.
I...
