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...?
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