Price is drifting down . May find support at PDH. What is happening . Sure it is going to channel. Will long above Point B. Fails to move above point B. Weakness again. Can't short below point C as FTA PDH is too close and may give support. Anyway I will go short once it breaks below PDH.
I am short now price moves below point A and my stop is just above PDH. Trailing Price breaks BRN and breakout fails. I am out. Now looking for reversal. Will be long above D. Price breaks below BRN again. No more shorts Critical Mass could be short Now. Second attempt to go below fails. Will look to go long above swing high E. BRN is too close. So let me enter just above BRN.
Nice break. Two pushes up. Showing weakness may pull back to BRN. Let me exit.Pull backs look like a channel to the downside. Too late . Done for the day.