Quote from deadbroke:
STOP is 1% under the June 20 low. LONG is underway. I am expecting a Wave 3 northbound move so taking a risk with said STOP is well worth the loss because if wrong, I can re-position and hit it again and recover the loss in 45 seconds flat once wave 3 gets going for real.
If there is a drop to retest the low I have a backup, high octane plan - if the low holds firm that will confirm wave 3 is underway so I would hit it again for a much bigger LONG.
If wrong I'll take my loss and have a drink and try a re-entry when drunk - it might work better.