Alex,we had discussed the 2 types of WRB .......one is a failed wrb breakout or breakdown bar.The other was an anticipated V pattern reversal.
We have the latter today........we have 2 WRB one after another,the slide continuing from Friday.Therefore as discussed yesterday,if we get no pivots on any time frame,bring the stops to the high of the latest WRB ....... viz 2459 + room.
If we get a pivot before that,all is well.If we don't,then reverse at the high of that WRB.Of course,most of us are not waiting to get reversed before pulling most off the table.
Once again,the mind and stomach will have to agree before entering here over this WRB.
Saint