Notice on the 240-minute chart (inset) that there are no fewer than four ‘external’ peaks that a point ‘B’ high could get between before pulling back to set up a long entry at ‘x’. This could spell opportunity for Pivoteers, since no rally-leg peak that falls shy of May 18’s 28.895 will be read as a breakout by our competitors. I’ve highlighted a similar situation today in August Gold, so be sure to study this chart if you’re hankering to jump on either vehicle
