Revision to Prior Idea. Range Bound Sells

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Revision to Prior Idea. Range Bound SellsE-mini Dow Jones Industrial Average Index FuturesCBOT_MINI:YM1!Dow_Jones_MaestroI want to scratch my prior idea as the market is showing me it is in a distribution phase in this range. I am confident that the all time high will hold until price pulls back down to the prior low of 43,400 and then take out the all time high. Does this look familiar? The exhaustion bar with ZERO follow through is what is telling me this range will break bearish. Price is bumping its head on that weekly close Another clue is on the Weekly chart. Price closed above barely with a peek a boo. High chance of a false break reversal. On the weekly chart, you don't want to see a break and close above with no follow through. It is not a sign of continuation. It is a sign of a false break reversal. When it false breaks, it reverses back to the other side of the range.