Watching $EEM at this consolidation point

I've been keeping an eye on $EEM lately and it's been a interesting period of consolidation. We've seen it hover around the $64.00 - $65.00 range for a bit now, and today's move towards $64.425 puts it right in the middle of what looks like a potential ascending triangle forming on the daily chart. The previous high around $65.06 has acted as pretty consistent resistance.

My current thinking is that a clear break above $65.50 on decent volume could signal a continuation of the upward trend we've seen since late last year. The risk for this scenario, in my view, would be a strong close below the $63.50 mark. If it dips below there, especially with some conviction, it would invalidate the pattern I'm seeing and suggest we might be headed for a deeper retrace.