If you look at the TrendCloud on the continuous contract you will see that it likes to go 5 waves up and then 7 waves down most of the time. It worth taking an aggressive entry at this demand zone because you have asymmetrical leverage. Meaning: the reward is much bigger than the risk. Go for it.
Note
Sorry guys I meant to say Long in the title not short. As you can see price ended up going above the 50 SMA on the TrendCloud.
Note
Now that price has recalculated we can wait for it to rejoin the HTF trend on the 4 hour chart.
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Chris Juliano
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