1. Start trend from a major low
2. Count Max Days at One-Price Level
3. Once detach from Max-Level (Mode), Count days until time expires.
4. Measure the price range while the market is at the mode and project up.
5. Wait for a new mode to build.
6. Wait for a range completely above the mode.
7. Trade the next upwave.
For now the time for the recent rally expired and it's time to watch and wait for a new mode to build here around the $240-$265 area to the tune of 15-20 days at one price. Look for to reach -100 for low-risk entries.