Here’s the updated 4 hour chart (on which this trade has been based). T1 has officially been hit in the regular trading session so consider booking partial or full profits and/or lowering stops, depending on your trading plan. Although I do think the odds of a bounce off T1 are likely, I continue to favor T2 on this trade. Therefore, longer-term, less-active swing traders should not be overly concerned with trying to time a bounce but should consider lowering their stops to at least the 73 area, if not lower.
