€$...reflection on yesterdays price action plus 'The Reverse Count'

Here are two charts showing the various closing prices of Friday price action. As per yesterdays posts that followed the breakout using reaction lines we can see that price is now finding resistance from the overhead RL which can clearly be seen in the Ensign 60 min chart. The MT 1 min chart is such a low TF that the same RL appears as almost horizontally overhead.
Now the question must be asked where do we go from here...especially as we have not touched the CL? Also could anyone have predicted the nasty spike down to 1.2353 just before the breakout which dipped below the LMLP...i guess alot of folks would have been stopped out by that unexpected move

Here is a print out of the Ensign 60min Euro$ showing recent price action upto the close at 9 or 10 pm Friday evening Paris time ( 8 or 9 pm BST ). I have been reading John Crane Reverse Count Theory in his book " Advanced Swing Trading"...available free(RRP $50!!!!!) on this link HERE. The rules for the count are slightly complicated but in brief you find your BC ( P1-P2) line and count back to the highest closing bar of the previous swing high starting the bar before B/P1. The you count forward from the lowest bar of C/P2 ( starting the next bar) to give you the next low pivot.........in Fridays case the reverse count was 39 and going forward this took us to spot on the nasty low spike i was refering to in the first paragraph and i guess you could count back/forward to the swing low pivot of A/P0 to give a target bar ....Food for thought and a powerful tool to use in combination with the other tools in your trading tool box! Happy reading.