Looks like a short term sell setup however it seems that it will be a bigger correction to the downside before finally going up. If the current channel is broker to the upside then wait to see for further indications for a move up as a move down then would be highly unlikely. Use your own strategy.
Potential trade both ways, look for a break to the downside of the current correction as this seems more likely, otherwise if the price breaks to the upside then look for a correction to the downside for a confirmation and take the trade to the upside but use your own strategy in either case.