I was going over the charts earlier and found this setup in progress, left over from the close of trading on Friday... I don't trade Fridays after about noon or so EST, so I didn't see it until today. Considering the weekend break, I'd wait for more confirmation that price was going to move UP before taking a position, but this signal meets the CF criteria. Note the final hammer candle with the very long wick. Also, you can see that price had deflected off the Daily R2 resistance level pivot point, came back down to the Daily R1 and then bounced back up, making the previous R1 a SUPPORT level now. These are good indications of where price might be headed when trading reopens, but I would have preferred an entry closer to the 166.50 area. Also, the higher TF charts support a long entry and several of the lower TF's do too. We'll see where it goes...
http://www.creations4christ.com/fore...0cf%20long.gif
http://www.creations4christ.com/fore...0cf%20long.gif