When I got to the chart, we had two strong bearish legs down. I drew a range, and we soon got a nice bearish bar rejecting both the EMA and the previous support, which had turned into resistance. I took the short. In hindsight, the range wasn’t fully confirmed yet, but the resistance level was clear — and it came into play later.

The trade reached 1R fairly quickly, but after getting shaken out of trades early the past two days, I was determined to hold this one longer. After a big and scary pullback, the market finally reached 2R — at least 2R relative to the actual risk. It was a good reminder that pullbacks aren’t necessarily reversals. They’re often just profit-taking before the market retests the level again, so there’s no reason to panic — even though it definitely feels scary in the moment.

After prices made a new low, we got a great bullish bar forming a Higher Low Major Trend Reversal. I took the trade. It almost reached 2R, but instead we got a strong bearish reversal bar. I moved my stop loss to the 1R mark and got stopped out for a 7.5-point profit — which was fine, considering prices were right around yesterday’s high. Prices eventually did hit my 2R target after a long time, but honestly, I’m not sure I could have held it that long.

Toward the end of the session, the market slowed down a lot and moved sideways. Later, prices broke out of the sideways action and tried to reverse back down, but the bears struggled to gain traction. After that, I ended my session.