Shorting the backtest of the Aug-early Sept trading range yesterday may or may not prove to be a profitable & timely entry but the most important things to me are: A) It certainly seemed objective, as shorting a bounce back to the bottom of such a well-defined & extended trading range, former support which is now resistance, is basic TA 101…. B) Even if Friday’s very convincing breakdown proves to be a whipsaw signal/bear trap, the short entry was still objective as we are able to use the chart to identify an objective stop level not based on a random move higher, rather a key resistance level (the top of Friday’s gap/Thursday’s close) in which to place the stop and… C) if stopped out, the risk (total loss) pales in comparison to the potential profit (return), should the markets fail on the backtest & move sharply lower as the chart indicate is the most likely scenario.