Quote from avarus:
It didn't trade back to 1488 by chance.
Quote from smilingsynic:
I saw it as the successful attempt at hitting the sell stops that were set at the previous hour's low, and at hitting the halfway point between the 1480 intraday low and the 1497 intraday high.
Two reasons means more stops to go off.
Wyckoff spring later, and away we go.
Nice call, Wave. 1560 remains to be seen, but the buy opportunity was there.
I've been on vacation (somewhat) this week, but there has been some good trading here, combined with patience.