Scenario 1 (RED): As you can see, the trend is resisting my support and has potential to descend. This is a good spot to look for short-term entries. I have placed an order just below the forming flag in the instance that the downtrend proceeds.
Scenario 2 (BLUE): An impulse here is also possible. In this scenario though it is important to note that this could...
The double-bottom structure provided some stability in the market to make entries. Although ideally a correction and impulse down to my target is what I want to see, the market can still turn. Keeping my stop loss tight for now, and keeping an eye on the hourly.