Drop in the Box...

The Golden box is sitting and waiting for a dip in. This is technical perfection... "IF" it plays out. Note the yellow dashed line at the Wave-1 low on the way down perfectly tapping the Wave-1 high on the way up. Sexy. Now that line sits exactly at a 61.8 retracement for the 4th wave of this impulse. Algos prefer the 50% so don't be surprised if this is front-run. You could load up two entries; one at the 50% and the other just above the 61.8. Stop does not need a lot of room. If we break the 61.8 and the wave one high... we'll recalculate. Likely to play overnight if it plays... 3-to-1 risk/reward on the first target. Not a long term position trade. More a swing for a single as a completion of this impulse finishes Wave-1 and sets up a deeper correction for the Wave-2. This is a trade I take every time. Low risk, good return. Technically Sweet. Go get some...

Trade attivo:

The stronger the trend, the more likely the 4th wave turns at the 38.2. There will most likely be another good entry once we complete this impulsive wave. Targets above for potential resistance.