Deep Retracement to Weekly Channel Low

Hi All,

I have this ETF on my watch list for a potential long entry at 68.53 preferably. As you can see the technical aspect of the security is rather simple which is good. Price has run in a bullish channel since the 08'/09' sell-off. This buy point is just an initial prospect for entry, as price action moves forward entry can change.

I will update with targets and stop loss orders once price creeps nearer to entry. Cheers. =)