Short term structure has not confirmed that a top is in place. It is possible that a triangle is underway but the pattern is not mature enough at this point to position for a terminal thrust. A day or two more of range within the triangle is likely before a terminal thrust upward. The risk to going long near channel support (close to 97) against 96.55 is that a flat is also possible, which would result in a spike below 96.55 and quick reversal. If I see evidence of a mature triangle, then I will mention so with an alert.
