Probable Mid-Trend Consolidation with DECDiversified Energy CompanyBATS:DECtroydowvanzandtPrice expended a lot of energy getting through the thick red Kumo. Yesterday closed with a long-legged doji, indicating a stalemate resulting in temporary equilibrium. Today's red candle indicates the bears have at last scored a W. The question here is whether the bullish trend is kaput, or just mid-trend consolidation. Odds are that it's a mid-trend consolidation. Here are the permutations for this scenario and their probabilities: Scenario Probability Pullback to Kijun first .30 Direct pullback to Span B .45 Sideways above cloud .15 Failed breakout (back into cloud) .10 In a perfect world, you'd like to see a quick bounce off Senkou Span B (the top of the red cloud). Lord knows, Uncle Itchy does. It saves time. If the trend continuation is confirmed, you have a possible Sanyaku Kouten setup (Three-Conditon Turn for the Better). Make sure the Chikou Span is disentangled from price 26 bars to its left, that it and the Tenkan-sen and Kijun-sen are all pointing up, and--ideally--price starts its ascent within 5% of the Kijun-sen. If I take the trade, I'll come back with price levels.