As anticipated in the previous video, the Nasdaq futures contract reached up to the congestion dot with the Stochastics being overbought. This upward reach coincided with a small double top formation on the five-minute chart with a bearish bar developing. I waited until the low of the prior bar was exceeded before entering to ensure that the market would likely come down.
The profit potential was about thirty points. After price moved down to slightly above the ATR on the five-minute chart, it started to hesitate and I opted to take the profits that were on the table (18 points) versus waiting to see if price returned to test the fast moving average (which would be typical).