Assuming the point ‘C’ high survives the night, traders could bottom-fish at the 28.260 midpoint support of the pattern shown using a stop-loss as tight as three ticks (although camouflage would be the preferred way to board). Keep in mind that a larger, bearish pattern (30-minute, A=29.640 on June 7) projects to as low as 27.365, subject to a test of its midpoint sibling at 28.230. A bounce precisely from that last number would confirm the ‘D’ target, and a close below it would imply it’s likely to be achieved.
