Day started with lots of sideways bars forming a trading range. On bar 8 we got a huge bull bar, bar 9 was a doji and that closed the overnight gap. Then we got two bear bars going back into the range, so I entered short as a HL double top.

I only took it for +5 pts. on 1 contract. I really did not like this structure.

Price did get to the low of the range, so I really could have trusted this range, but that is easy to say in hindsight.

Price just moved up and down in this range for the first two hours, but no clean entries at the top or low of the range.

The bears got a breakout to the low side on bar 23, but I really wanted to see a BOPB to make sure. Price did pull back to the EMA and we started to get wicks on top of the bars, indicating the bulls were weak.

So when we got a bear breakout bar on bar 30 I entered short. This was a BOPB, but not great since the bar closed very low and almost formed a double bottom with bar 24. But I took it on 1 contract with the option to add on if we got a pullback.

It worked out nicely for +10 pts., but then it stalled so I took it off. I was expecting bulls to be trapped, but I was not sure how far this could go.

Right after, we got a HL double bottom and we had also just got the measured move of the second bear leg down, so I took a long on two contracts. I was just going for +10 pts. since that would be just before the EMA. It worked out nicely.
Price fell below the EMA again so I took my dinner break.

When I got back, price had made 3 legs down and a wedge bottom, so when it printed a nice bull reversal bar, I entered long. I took 1 contract off at 0.5R (+5.00 pts.). I was expecting a big move up, but the EMA was reacting so I took all the last 3 contracts off at around 1R (+10.00 pts.).

Price did pull back a bit, but when it then pushed strongly above the EMA with a strong bull breakout bar, I entered long again. I took 1 contract off at +10 pts. and the 2nd at +20 pts.

On bar 65 we got a great-looking bull bar, a H2 Buy, but it came right after a double top. So when we got a super strong bear bar closing below the EMA, I took the bull trap. It was getting late and the trade did not take off, so I exited when price pulled back a bit.

After all, I was up +100 MES pts. and was not ready to give anything back 🙂
It ended up working nicely, so the read was correct, and that really is the most important thing to take from this trade.