after yesterdays small up move and a overnight session that has been happy at these new levels I will be looking for a back and forth action between the red lines. Now any move that is maintained outside this range I will bias the break out direction. In the even of the break out will post more target number even though many are drawn in. So looking for shorts from the range top and long from range bottom until this is proven wrong.
This is a good plan. I am doing something similar. I think we are going to stay in consolidation for a while. I am not expecting any serious breakouts in either direction. But I have been wrong before! LOL!
alleytrader
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@Trade4God, really, that is something I never have been, wrong ;)