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Looking at 240M chart we have a new low and a Green Candle low which 'MAY' lead to a reversal so I am looking for an entry on a smaller time frame as do not want to fight city hall
Cool! The last few posts are what I am talking about. Glad to see some are making the attempt to make the posts more about actually trading the analyses. Thanks for the effort.
If the upper TL holds then the trading range we have been in seems to be in the past, and the trend will continue downward.
As I said previously, I didn't get short because there was no rejection off the TL. Short opportunities are good up here at the top of the TL with a modest stop.
I have added the yellow TL as it seems to be the direction we are going now.
The other possibility is, of course, for us to break out of the upper end of the channel and then make new highs above 3200 and 3220, signaling bulls are in charge so long as it isn't met with immediate selling from those two prices, making a move then to 3300 extremely likely. I hope this isn't the case because I want to move out of that trading range, but I always consider that at any time there will be a spike to take out the weaker hands, so one such move would be to make this new breakout high, then immediately resume the downward move to 2700.
Approx 5:1 trade so far, entering at the close of the bar with the arrow, initial stop a couple of ticks below the lows, and trailing the stop a couple of ticks behind each new bar
Especially, maybe during the Consumer Price Index (CPI) numbers on Friday. 
