Risk/Reward Ratio = 7 !!!
Long story short: The market is cyclical and consists of a cycle of waves. Each wave consists of multiple waves.
In this particular case we have 5 waves down (impulse wave 1) and we will have 3 waves up (correction wave 2).
wave 2 will retrace wave 1 around 50% or 61,8%. (these are fibonacci ratios)
i will post a chart later for you to see, im pcastela on twitter just in case.