@dropd01, Only thing I can see is It's between 0.382 & 0.5 FIBO, also same level of EMA21 @ 4H and more or less the minimum shadow of the retracement.
dropd01
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@hunterjhutchinson, it’s in a small pennant right now but I am paranoid it’s a bull trap. I have the 1 and 4 hour wave count mapped out. You can check out my analysis (not posting link so I don’t spam your post) and the retracement on the 61.8 is around .55. It. Doesn’t seem to want to get there. I have a small. Position in case it rockets and breaks all the rules. But I would love to buy at .55!