I'm having software issues w/charts...this is the only one I'll likely get up for this morning. *Ideally*, for this megaphone idea to work, the current 10 point range bar shouldn't close outside the solid green line, which is based on body-only candles. The dotted lines include candle tails. There's a great confluence of a significant high (purple dash), the Megaphone top green line, and the 3rd standard deviation of the Linear Regression Channel representation of the August down-move, which I'm guessing is going to be resistive after 3 days/legs up. Price is also close enough to the psychologically important halfway point of 1850 to want to take profit on this last move, especially if news this morning is funky. Now if we sell below the current 10 range bar, and come back to re-test this area, the idea remains the same, but the numbers will change based on the new range bar's projected high, in relation to the confluence. So ultimately there's a 10 point zone to get short....that is if you believe the linear regrssion channel as far as overall trend.I still have my eye on the open gap down at 73.
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