Done or not Done..? Place your trades now.

Yes, you can make the case that the 5th is in and we're starting the 2nd wave retracement. I'll bet on the good structure here and the probability that without a meaningful retracement we're still on track for a new high from this impulsive wave. Risk reward of 6-to-1 makes it a reasonable trade. Stop is close by just under the 61.8 and the lower channel. I take this every time. Just me though... how about you...?