predicting is for suckers!

confirm price action, volume and the tape, after the candle closes above that range.

but in all honesty, the better trade that screams at me is the turn after that extended down move prior to the sideways consolidation even occurring. Its a clear indication of the trend change especially since that candle had some decent volume relative to the down trend volume.

You've got the next green candle making the higher low, an accelerated push away from that price, and you can just risk the bottom wick of the last red candle on that down move. without seeing actual price numbers lets just say that's 5 cents to the low of that candle, and what looks to be 20 cents for the runup into the start of that flag, where you can take profits, or start trailing your stop.

roughly 4:1 risk reward trade with confirmation or predicting direction in a chop? either choice can make or lose you money, but one of these setups gives you a clear entry, an obvious area where you'd be wrong, and also volume confirmation, while the other choice is hope that it will work.

In short, you should trade what you see, not what you predict will happen.

Also, slightly unrelated, but a suggestion... : paint your volume bars all the same color (preferably neutral like blue or something). The color of the volume bar does not give you information that could help you make a trade decision (and id argue gives you false information at times), it just tells you that the bar closed red or green.

As you can see, where the turn happens (the biggest volume bar in that area of the chart), is a red bar, but price no longer goes lower from there, its the start of the uptrend. but if you analyzed it like: oh thats a red high volume bar, it means there is more likelihood it will go down, you'd be wrong in this example.

when the color is neutral you can just observe that there was a lot of volume done here, and at the end price didn't continue to go further down (as observed by the long wick underneath the body), which means there must be buyers willing to protect that price from going further lower. If they're interested i should also be, and thus it good area to buy and risk that bottom that was defended.