Disliked{quote} No I don't think you were wrong with your original expectation but when Price gained momentum into your PB, you need to take it into account. It was a warning especially when the trend was bullish. Bears fought for control and the bulls regained territory. There was some decent bar by bar action but it was soft compared to the action at the low and move up. Price action is similar to a failed breakout. If the PB to the Breakout is strong, it kind of lowers the probability of success. Quit honestly, I think this entry would have been nice...Ignored
We did just have this huge run up over the past couple of weeks but I figured that the market was looking tired up here and ready for a substantial pullback.
I suppose looking at the whole picture you could take this as being one huge consolidation area and to use caution.
Oh well.