I think this is a good trade to take, just be careful to take profit as soon as it will reach around 38.2% of the down move. After it it will be a huge sell.
Comment:
I am getting ready to take profit at the top trend line, because it looks like we have a barrier triangle (descending triangle) in the making... if it is so, I will take profit for this short term long position and will look for a short entry for longer term.
