Turns out it was a Weekly S2 – and I had mentioned this in my report. It also set up as a 3min Bolli
If, as expected, this move down turned into a washout, I needed to be ready to buy but not until I had seen a blowoff bottom (… if such a thing exists …) which is what happened around this level.
THOUGHT PROCESS: the market is ranging + the ATR is tiny + this could be the start of a reversal = where is a really good value, safe buy?
