The rally pattern shown has picked up some hits near p, lending authority and potential precision to the D target at 1359.40. A pullback to the red line, a midpoint pivot at 1334.30, can be bought ‘mechanically’ with a stop-loss at 1325.90. To cut the implied entry risk of $840 per contract by as much as 80%, you should consider using ‘camouflage’ to get aboard. This would entail catching a ride on the first, very minor ABC pattern that occurs on the one-minute chart after the red line is touched on the way down.
