If you look at the TrendCloud on the continuous contract you will see that it likes to go 5 waves up and then 7 waves down most of the time. It worth taking an aggressive entry at this demand zone because you have asymmetrical leverage. Meaning: the reward is much bigger than the risk. Go for it.
Comment:
Sorry guys I meant to say Long in the title not short. As you can see price ended up going above the 50 SMA on the TrendCloud.
Comment:
Now that price has recalculated we can wait for it to rejoin the HTF trend on the 4 hour chart.
Chris Juliano