Second way to look at this on in the very medium term is bullish we have bullish structure from December of 2013 and are on a inside retrace from new structure high. Market has not yet broken previous structure low in this is a rare opportunity where price is below entry and fib .76 where I get a even better risk/reward. So since your long this trade I would stay long targets at 11.69 and stops at 2.20. Will be taking this trade on market open, cant pass on the risk/reward even though the overall multi year bigger picture is extremely bearish. So this is a good one stay long
