Micro pull-back to short term trend support risking beyond the trend support (failure of idea). 1:2 Risk:Reward play. Will use the Ladder to trail stops if trade begins to move in the Thesis's direction
Use overhead resistance as cover for a quick short down to previous congestion. Rationale is a push lower test after breaking the Trend Line. If filled trail stops using the ladder
Short DTE as it moves up into an overhead resistance zone. Retest of previous lows is the basis. A previous swing high is used as the hiding place for the stop. If filled, use the ladder to trail stops.
If the UK100 can make a push back up to 6729, short and trail stops using the Ladder. target is previous congestion zone
If filled, Target is previous congestion on the way up. Trail stops using the ladder
In this version the target is within the previous swing low. R:R is compromised but completion chance is higher. If entry is activated, use the Ladder to trail stop loss.
The back-fill on Ford is complete and several attempts to move higher have failed. A series of lower highs and lows indicates possible new move to the downside to retest the Feb 2016 lows...