If the 100 % projection stays consistent for a 3rd leg, $144 is next support and the potential next entry for a long. If that breaks, $132 will be a magnet as its a Double 1.618 from two different pivots. Powerful.
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MASHNYC
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It's at 170 now. any signs of it going up or do we wait till we see it close to 140?
tradedevil
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@MASHNYC, Well, if you missed the entry, just draw the next Fib from the last swing low to high. Reload at the 50% with a stop below the 61.8 (at about 65%). That's how the algos are programmed...
shirevest
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You were spot on... got in at $148 just before it started heading back up. Thank you :)