It looks like another slow setup to the next downward push. If this continuation triangle breaks south as expected things will get very scary for the bulls and if it breaks the WRONG WAY it will be very bad for the bears as well. I would imagine a lot of stops will get triggered either way. The current bias, of course, is down.
Disclaimer: This is not trading advice, I'm just thinking out loud.
Disclaimer: This is not trading advice, I'm just thinking out loud.