Looking for a retracement around the 38.2 Fib level which lines up with, with 4 hr resistance. With this stock just hitting the index I am looking for it to be somewhat up and down until it gets into a groove. I stated previously it needed to fill the gap which it did and predicted a retest of level 24.86 which it also did.
Trade closed: target reached:
Projection was accurate on this pair still taking shorts on this pair.