Market retreats to 20 period EMA after making new highs (for long positions)/lows (for shorts) with ADX (14period) >30. Some people use the 20 period SMA . Projection is a retest of the highs. Trailing stop. ***Failed grails tend to move (painfully) in the opposite direction.
Setup invalid below daily EMA (15.25)
Setup invalid below daily EMA (15.25)
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Edit: A close below 15.65 (previous 20 month highs) at the end of the month sets up a Turtle Soup Sell on the MONTHLY chart.