Here I'm showing an example of a setup I was waiting on today. Price to make the impulsive move up and react off this structure level along with the 50% fib. Unfortunately, I wasn't watching the charts and price instead reacted a bit lower and started falling from the 38.20% you win some you lose some. Either way we can still learn from this.
I missed a small structure to the left of this where it lined up nicely with the 38.20% which had I have seen it in my planning I could have set an alert to monitor but I missed it. Never the less we move on and jot it in the journal.