Jesus. Calm down, read what I'm writing and don't attribute me opinions or statements that I have not said. I've seen this behavior from you earlier to others. Here's some facts for you: Using RTH data, 2715 (not 2720) is 20 % down to the TICK from the ATH at 3393,75. This, 2715, is the current bottom of this correction made this very Monday. We did trade + 167 points from that bottom in RTH - so I'd say quite a few bought that bottom. Beyond that - I have not said it is the bottom. It can be. Personally, I believe it isn't and that we will trade lower. What I said is that it will be interesting to see what happens when we do and if we exceed that level as it's a critical level in my book.
It was just based on higher probability PA strategy. Along with predictable range calculation using momentum. just simple S&R and PA.
Too soon... fib exit little early... bottom of 30 min range @52 would have held to lows if we were later in session vs traditional lunch time chop time frame....