We have a .382 retracement, moving average resistance...all possible areas for a possible reversal...if we fail at any of these levels and break out, from a discretionary point of view I would be out...but the system is right 92+% of the time...interesting to see how it manages the trade. In the above system example I modified the entry method slightly...This does not impact that it is currently short, but as you can see it does impact the methods used to scale in slightly. Note that the system is over 95% accurate on short trades for the life of TLT security.
(Click the charts for a clearer view)
