RIVER experienced a strong bullish pattern in the midday session, but unfortunately, a wave of bearish pressure directly disrupted this structure, failing to stabilize at the 16 level and instead rapidly declining.

Now a new technical pattern has formed. From the hourly chart perspective, this is a typical consolidation trend. Remember three key levels: support at 11.3, the midline at 13.3, and the upper band at 15.3. For now, friends caught in the middle should hold off on action; wait until they are out before considering clearing positions. Once the price breaks above or below either of the bands, the original structure will be broken, and the pattern will change.

This afternoon, I was stopped out twice myself. The painful lesson is—positions in the middle are especially vulnerable to being cut, so never think about buying the dip. The trading strategy is simple: trade near those three key levels for entries and exits, which will make risk more manageable.