I would give this setup a "B-" because of a few factors:
1.) The long upper tail on the second bar.
2.) The pullback broke below the 50% retracement.
Having said that, I liked the fact that the move up and pullback were orderly, I liked the offsetting bars (bars five and six) that immediately brought price back above the 50% retracement, and I liked the support from the rising 5EMA. I entered on a break of the seventh bar's high (fully acknowledging the increased risk of a "B-" setup) - I chose this entry as opposed to a break of the sixth bar's high because it was more bullish for price to close back above the retracement zone (RZ).
The force was with me, and I exited the position less than an hour later at the Fibonacci extension (FE).
It has been a wild and volatile week, and I am anxious to see how it ends up tomorrow.
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