I did not take any of these trades. I was looking for this short, but it came when I was away from my computer. It is important to see how price can use an EMA as a moving S/R, especially in a consolidation range. I am still short on the EY from the beginning of the week and this is a great scalping opportunity. It is in a consolidation range, but it is also in the direction of the trend. This means you would have to be quick about your exits but can get in with a little more confidence. The consolidation will fizzle until institutional volume reenters the market. Until the next volume session you can expect to pick tops and bottoms in that range.