(Mon, June 28) Price gapped up higher and held its bullish bias all morning and well into the MidDay Time Period after forming a Split-Opening Triangle in the mini-Dow. This tell-tail triangle, which often accompanies the end of a swing, gave two important signs that the impending bullish breakout would not succeed. (See the manual Pivots, Patterns and Self Recognition for details). Then, just before the sharp and very profitable break to the downside, price action set up a very clean Fail Trigger Signal for a short-sale position. The trade was good for 100 points in the mini-Dow, 10 in the ES and 15 in the NQ contracts. (click image to enlarge)