Elliot wave theory will have a wave 4 retrace at 0.382 and 0.5 of wave 3.
Those are usually areas to watch for a trade entry.
But I wanted to offer up the aggressive entry on previous post just in case this is a lock out rally. ....
Will there be a retrace? Of course, and it's likely to be brutal. But for now, "bulls" are waiting for a retrace, and many "bears" are laddering into shorts.
It's a recipe to continue aggressively and makes the weekend consolidation the halfway mark to this rally.
I wouldn't want to see any closes 4hr and higher below 69k for now for rally to continue
Planning a video for later
