Buy at green trend line.
Sell at red trend line.
Breakout consolidation set to 4h.
If breakout detected,
Go long if it broke red.
Go short if it broke green.
Would require a major news to break current support.
For longs , sell at blue region.
For shorts , patience than excitement at bear traps. Likely better entry at blue regions.
Should price close above blue region by EOD 8.22nd, we will retest 51.50.
Should price reject harshly, expect to retest 40.
My ultimate 'hopeful' target is oversold to 37-38.
Check out 1WK chart. It suggests another leg up.