DislikedIt's a "re-entry" trade, not an initial classic SonicR trade. But, yes, even for a re-entry trade it is best to wait for PA to move beyond previous H/Ls. In this case, I took my que from PA seemingly making a bounce down off of the SR that it broke down thru earlier.
With staged USD releases, today is likely to be lots of ranging and possibly even some whipping. Since the first USD release prices (EU, GU) appear reluctant to move much either way. I think the BBs are continuing ranging, taking their time to coax in "wrong side traders", and...Ignored
BBs are whipping it right back up again....