Baidu looks like we can hope for a second leg up. Good opportunity would be at of AB and earlier resistance from July. Stop below the and target at .
Hmmm.....I would not like that. It could happen, but I think there has to be a larger pullback before reaching the target. If it goes only to .382 I would expect a bigger pullback later on in the move and I would try to get on board when that happens. If it rallies from here straight up to D we miss the move. So what ? We trade something else. ;-)