WTI Oil: Big Picture Correction Continues

After the massive decline, the correction continues. How high can it climb? As a Fib trader I would like to take profit at Ret-23.6. The SL below the most recent support/resistance area just below 51.5.
And the most important: how much are you ready to lose, if it fails? 1% of your capital? No matter what, let it be no more than you risk on your other trades.