BIDU - Scary out the week hands and turn north again?

Context:

• monthly uptrendig intact
  natural PB to lower extreme
  

Swings

• seems that major pendulum swing has fullfilled its job, since the sinus wave looks completed
  also the minor sin. wave completed
  

Price Action

• orderly former flow to the downside
  pressing - major fish in the pond wants cheaper price to fill his bag
  create panic - whale create panic to collect it all from the week hands
  price stops right at a center of a reaction line, and within the center box, where former accumulation was
  

Outlook

• potential support in the range of 150/160
  as sinus boxes often get washed, it's a good idea to start small and add to the position later
  

Trade Idea (Position Trade)

• stopp needs to be below the box, plus some
  start small between expected support range and build on further confirmation
  profit a) at the upper MLH (P5), just little below the sliding
  

Trade Management

• move B/E when Risk/Reward is @1.5
  trail below real structure, or if price explode to the north, trail below wide range bars (see Jul. 14 and Jul. 15)