It wasn't a failed b/o because it didn't yet test next R, but that shooting star it left behind was a good signal for a counter-trend scalp and possible reversal setup. I didn't take that trade because the stop was at my upper limit and I'm not all that crazy about counter-trend trades except at extremes, like EON's awesome long entry this morning!
I would be surprised if we retest the low. My newbie guess is that we trade pretty much flat from here on. For tomorrow, my broken crystal ball sez 78.30-ish for the low before we kick higher. However, if we close below 78.30, watch out. All hell will break loose.