Zooming out, there is a confluence of wave relationships in 2.20-2.22 from 2 different sources.
1) 61.8% retacement from the 2008 high to the 2013 low
2) Equal wave measurement from the 2013 low
I'm interested in short breakout trades in a multi-lot fashion. That way, we can peel off some exposure if the sell off deepens to maintain risk in the market.
Short near 2.1517
Stop loss near today's high
First target 2.11