In this chart, the ES is forming a sym triangle. Again you would expect the breakout to be on the side that the origional trend was. So you would expect that it to be on the downside. I know that volume is not being shown here but when it breakouts you can see the volume spike. So what I did (on my play money account) was I went short on the pullback, (or at least what I thought was) when it starts to come up thinking that it would go back down. Well that wasn't the case. I asked the guys in the chat and they said that after it breaks out there is a test. Well I've entered on many pullbacks and been successfull. How can you tell that this pull back is going to fail?