I hope you had a great weekend, for those in the US that celebrated thanksgiving, I hope you ate plenty :D
Today we have a on the radar, The opportunity is valid until we pass our X leg. So pass simply means, we can touch but cannot exceed X, so it doesn't have to close, just pass. being oversold and our bias being on the longer timeframe, this is a perfect opportunity to be getting in a long opportunity, something I would even shoot for extended targets. As you guys know, stops below X and targets at the 38.2 and the 61.8, however like mentioned I will be looking for extended targets on this trade so I will be trailing stops on the second half of my position.
Like always, If you have any questions feel free to comment below