The larger, downtrending pattern projects to 1521.25 (see inset), but a smaller one at the right-hand edge of the chart could provide ‘camo’ access without much sweat. Obviously, a breach of the still-tenuous point ‘C’ high would alter the trade, but night owls looking for action should monitor this developing pattern closely, since it showed promise as of around 1:50 a.m. EDT.
