Well all views are valid, because it is each individual's perception of the price action. When looking at daily chart we can also assume break of double top with a target around 300. In the monthly chart, we see a pause of the uptrend with a consolidation band of 300-380.
It does not matter whether a particular interpretation is correct, but what matters is how we trade with varying views on price action/ranges. My ideal trade will be around 370 mark with a sell stop at 380 or 310 with a buy stop at 300. Of course, I don't live in an ideal world