Expect a reaction at the 50%. This is a very aggressive trade but there is little doubt that Algos will start buying at the 50%. There's a buy zone on the chart that's $150 wide. Not a trade for everyone but a reasonable first entry with smaller size anticipating there might be a second buy if the market heads to the median line and the fib cluster found around it. Risk-reward of approx 11-to-1. I take the 50 always but not all in...