The pattern from which the 1073.20 target disseminated yesterday was derived looks too pretty not to play out as drawn (see inset). You can bottom-fish aggressively, and this time I’ll leave the stop-loss up to you. It can be as tight as 4-6 ticks. If the target gets bombed, we’ll need to consider the 1044.50 structural low — early February’s bottom — as a minimum downside objective.
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