A double top failed, now I anticipate a possible Higher High following Box BO North.
Point 3 Failure @ 91.51
Solid breakdown and close below box could mean further shorts
Alternatively, break up and acceptance beyond the Critical Major Lower High could launch the uptrend.
I have a bid sitting at some few pips below today's ATR Low of Day
Buying via Blind Bat setup in PBZ.
Would come in at market at the sight of an RE_bear found in the PBZ (Fake bear strength, I mean). And that implies that the current order would be cancelled.
stops and target on...
Trend obviously cleanly up on the daily.
We're seeing quite a total pullback to critical major higher low, and I'll pitch my bid there or watch for possible lower prices rejection in that zone.
Weekly RE_bear has 3DVR price @ 1265.29. Failure in 3 weeks, this week inclusive would see me buying with quite a tight stop
46.44 could act as a springboard(DB) for a rally. and once we manage to stay above the CMLH(51.96) = Buy continuation.
And so, you want to patiently wait to see a BO&C < 46.44 on New York closing basis BEFORE you go short.
Earlier in my trading journal(July27), I had called for the turn around @ sweet spot.
This is my plan---
--Shorting the break of 46.29 for...