Ideal entry is at the .618 fib, but the previous structure high should not be ignored. I will be watching the two places of interest on both the 4hr and 1hr charts for signs of a bounce. Stop and target are preliminary as this setup is looking for a new all time high to be formed. -Trade at your own discretion.
Note: 1.19384 is the averaged price between the high formed on 11/27/17 & the low on 01/09/18, notice the confluence of the .618 fib retracement.
Note: 1.19384 is the averaged price between the high formed on 11/27/17 & the low on 01/09/18, notice the confluence of the .618 fib retracement.