broke-down from an apparent bearish pennant
on the 4H. The brake-down from the pennant
was not confirmed by volume
which suggests there was low market conviction in the move. To add to this price found resistance at both the 62% and 79%, printing a bullish engulfing
pattern at the latter (1H confirmed). I look to open a long position. TP1 is at RR = 2, where I will take 50% off the table and raise stop above entry.