Leg - A of a correction appears finished. -ve Momentum on 15 min frame is not sufficient to warrant an extension in this correction.
I therefore expect to see a Leg-B to the $41.60 region, followed by an extended grand "C" in A-B-C formation to my desired targets <$36-$34>
OR possible still to see a muted "C" after the coming "B" into the $41.60, then an "X" and finally a grand "C".
I will not use the <$41.60-$41.00> to assimilate any more risk, as it is my intent as a position trader to hold and protect a reasonable size to <$36-$34>. Nor will I add more shorts, as the position's holdings have accumulated enough risk as they stand.
It is possible however, for fresh shorts to begin an accumulation phase <$41.20-$41.60> for half or 1/3 of a contract, keeping in mind that there is still NO 60 min bear motive momentum to support a bear drive, so they would have to hold their shorts between <36-48>hrs for the short position to accelerate.
Take Care & Trade Safe