Hi Satyen, I am saying what makes sense to me. That is because of the kind of trader I am. For you it may or not work. It is totally up to you to decide how to/whether to trade it.
Simple rules on which TA is based are: consolidation leads to break out/down, low volatility leads to high volatility (which is what the thread is about)
About the breakout/ breakdown itself, from any pattern, I frankly don't care because I analyse it before hand and have enties and stops worked out for both BO/BD.
We might be going on a tangent here...
@WOD
It doesn't matter where we think it is going to close, what matters is where it closes. 4132+ close would indicate strength. That's where I would refrain for opening fresh shorts. 4202+ close would be long for me. Are you looking for some level or just speculating