After a BEARISH run of price action . . . we have better than .382 PULLBACK in the market. This gave us a NEW structure low and a subsequent .382 (pullback area). Then a BEARISH throwback into the market which met RESISTANCE within 25% of the original BEARISH pole (higher low). At 130.755 is a LOWER HIGH which gives us a symmetrical triangle effect. Once the price gets out of the MUDDY trench (thru the RETEST area) and trades 1 tick below the New Structure Low (alert) the trade is executed ! We measure a .272 TARGET (128.435) as we watch the trade progress.
Trade closed: target reached