Earnings report after close today too....we are seeing a lot of set ups like this before earnings, under the 200 Day Ma and previous high but looking like their Wave 2 is in aswell.....so it gives the impression of being both bullish and bearish, this is why I put the bull case above the previous high so we do not get caught out with a bad earnings, a buy order above the previous high, I normally add some margin of protection here too and you won't miss a large run.