The camo pattern I mentioned here yesterday has continued to evolve, with a so-far high at 1764.00 that lies nicely between two external peaks located, respectively, at 1763.00 (12/8) and 1769.70 (12/2). Now, all that’s needed to make the pattern bullishly tradable is a dip to a single-bar low, then a 5.20-point (25% of A-B) rally to engender an X trigger for a buy-stop entry. The implied $500+ stop-loss per contract would be much too wide for us, so you’ll need to find your X on a chart of lesser degree — perhaps even the one-minute bars. Targets at 1171.50 and 1799.50 remain viable, with the lower number a logical minimum upside objective for the very near term.
