Single Swinger...

This count on the daily has potential to firm up. There is almost always a test of the most recent swing low so, the pull back here on the 3-hour is a reasonable entry with the stop just below the pivot. I'd keep the size moderate as the count is unstable at this point. But I like this kind of trade, as the risk is low and there is a very specific target above. I do not expect this to be a long term trade. I'd be looking to take profit at the channel edge when we get to the 50-61.8% resistance above...