1. Price blows through the upside . We would be a buyer on the pause or small pullback. Keep it tight
2. Price blows through the bottom of the ...takes out stops (weak longs) and retreats back into the . If this happens we will get long back above 55.00 because they will squeeze the late comers. This is common and it's important that you understand how machines and commercial paper use YOUR STOPS to fill their orders.
3. I should mention if price blows through the bottom and keeps going we won't touch it.