I like the 1323.00 target of the pattern shown enough to sanction bottom-fishing there with a stop-loss as tight as 1322.25. As always, camouflageurs will enjoy the best odds for capturing a tradable low near that Hidden Pivot, but less skillful players looking for an easy way in could do worse. If the order fills and I hear about it in the chat room, I’ll establish a tracking position for your further guidance. Keep in mind that, with an initial theoretical risk of three ticks, you’ll need to be in-the-black by at least nine ticks (i.e. 2.25 points, or $112.50) before taking a partial profit. I haven’t drum-rolled this trade in the chat room or under ‘Today’s Action’, so consider it a relatively quiet opportunity. Note to Pivoteers: The only way the pattern could have been improved is if the first B-C (from July 6) had obtained.
