Consolidations are just that.....the index or whatever security or future you may be actively trading catching its breath before either completing a pattern...or changing to a new trend/pattern. Consolidations are meant to cause doubt, and shake out weak hands or make those without patience make rash judgments and mistakes. They are usually just noise and static. Until a major pattern completes, or fails, there is no reason to let a consolidation confuse you. In the case of this one.....the Bearish Harmonic is still in play.....until it isn't. So until it either completes in the range previously shown, or blows it out of the water....the play is the play and will continue to be the play until it convinces me otherwise.
Trade active:
I just let off 30% of short position from the 750's.....holding the rest for now...stops in profit. 600 or lower and ill drop 50% of the remainder holding the rest for further drop possible.
Trade active:
TAKING OFF 50% here at 595........holding the remaining 20%
Patience is Key.