The pattern that formed before the move was pretty standard. No surprises.
The pattern was about 4 hours long.
The resistance line was tapped 4 times -- 3 is typical -- two taps were very close in time.
The support line was tapped 3 times before it broke.
The move started on the second break - there was kind of a hinge but a 10tick stop would have been fine on the first move.
Study this set up. It's not uncommon.
|/6e topping pattern before the move|
Here's /es chart. A failure looks the same -- you never know, so you use a tight stop and lose small win big. Here's /ES the next morning. It dropped a point then reversed to the upside.
|/es Similar pattern - no need to lose more than 1.5 though|