Price has collapsed rapidly at the start of the new session
Following the initial low, then a retest, price pulls back to offer us a 3-swing-retracement entry short (also could just as well be considered an upthrust).
(Chart Info: Crude Oil, 20 Jan 2012, 1-min chart; although the concept discussed in this article applies to all markets and all timeframes. Timeframes used for the trade were 1-min and less (YTC Scalper timeframes) although the trade decision making and management in this instance were pure YTC Price Action Trader, not YTC Scalper).
