Wait for breaking of this square either way. Most likely scenario is that after hitting the red trend line at the base, it will bounce back. wait for retracement.
Author uses Gann, Fibonacci and Wave analysis along with his unique indicator. which avoids tedious Price- Time and Volume (PTV) analysis.
For execution, please use other indicators like Williams% R or EMAs etc.
Disclaimer: Author is not a registered Analyst with any of the National/International Regulatory Authority. Before taking any decision, please consult your financial advisor. Author is not responsible for any of your losses or profits.