Yeah. You get that. But the thinking is fine. Just above the bar lows would be a good place for your stops. Logical before South again. Of course this may continue Norht but it makes sence. With the Hourly trend. A continuation of the Daily trend. Bouncing off the 38.2 fib. Into a round number ready to fade?
Reasonable thinking in my book.
Even the best setups can fail.
A51