Four on the Floor...

Right in the pocket for a Wave-4. And looking at the longer tern chart on the right you can see how well this market has responded to 50% and 61.8 percent retracements. Add the 100% alternate fib projection and this is a sweet trade with a 9-to-1 risk reward. No need to give the stop much room beyond the 127% wave-c projection. A turn of the oscillator is there for confirmation. I like it here now and will look to add with a break of the down channel. Go get some...