We are at the lower bound of a range calculated on price and volatility and setting up for a nice little rebound after the sharp decline that may play out in a nice wave pattern. The downside may not be done yet, but this is a nice spot to step in with a calculated risk. SL if you like to your tolerance, We're starting small in position size and give it time to play out and maybe even add some if we get a little more downside to get us to a bit larger position size.
Comment:
Taking my small profit on the countertrend bounce
Trade closed: target reached