Bearish Engulfing, breakaway Gap, trendline break + retest.
assumption: Fib# Ext. to 3.618 ( 238 ), retracement to 1.618 (182)

Short 240
Stop 225
Target 185

Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.

Trade active
BuyToOpen Aug Put butterflay P200/180/160
( Buy P200 and P160, sell P180 x2 )
Limit 2.04, P200 delta is -0.22
FibonacciSupply and DemandTrend LinesTrend Line Break

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