Anek, On bigger timeframe chart, it looks like a double bottom, with mid swing high at 2224.75 and bottom around 2192 DT
Anek: A continuing problem for me is deciding what to do in the following scenario: I see what I think is downtrend (2LL/2LH) but when I get my nose away from the screen it's obvious that it still qualifies as a retracement in a longer term uptrend (usually a longer 123 pattern where the low point still hasn't broken the 62% fib of the longer 123) I realize that the longer term pattern predominates over the shorter term pattern, but that aside, any tips as how to follow and trade this type of scenario which occurs repeatedly throughout the day. Thanks for any assistance you can provide