We are finally back at the 50-61% area on the fib after that monstrous move long. I see the buyers stepping back in to test the previous high. I usually make two trades to compound my account. I take a 1:1 with my smaller trade risking 1% 1:1 R/R & my 2nd trade depends on where the next zone is for my TP. In this example it is 3.4:1. On the 2nd trade I risk 1% as well but can potentially win 3%+. That's a potential win of 4% in a single trade. Lets see how this plays out. Here is an example.
Komen:
We're right on point!