Monday’s stall precisely at the red line makes this pattern (see inset) an appealing choice to assess and exploit the rally if it continues. If the futures pop through it today, the 53.55 target would be in play, subject to crucial resistance at 51.76. Any of the three Hidden Pivot levels — x, p or p2 — could conceivably be used to get aboard ‘mechanically,’ provided you are familiar with the rules. ‘Camouflage’ traders may need to zoom down to the 30-minute chart to create the ‘external’ peaks that can help generate subtly tradable ABC patterns. Notice that Monday’s high did so, surpassing June 13’s 49.91 high. The companionable point ‘A’, a counterintuitive trader’s dream, lies at 49.56. (Use the 30-minute chart here: June 20, 2:00 p.m.).
