DislikedYes, I meant to show the Monthly. As you can see on the current monthly bar, the price had already gone lower (Friday) and is now retraced back up to resistance. The resistance is recent support, but now should be considered resistance. And, if you look to the left on the chart, you'll clearly see this level has previously been the top area of monthly movements. Even during the swings, it is the top area of a couple of montly movements.
As I write this post, price is already dropping again ( #1 M15). It might turn out to be a SonicR short setup....Ignored
I did not trade Monday as unsure of swings due to crazy Fri & Mon, being more picky as no clear setup.
Still have my A/U-Short since last Fri, need to figure out when and how to exit for this trade.