Pre-market short exit at Keltner +1.75 with Fibonacci extension

This trade triggered just after 8:30am, which is the earliest that I will take a pre-market trade because the volume is reasonably strong during the one hour before market open. After taking profits at the Keltner band, if you kept half of your contracts and placed a break-even stop on that remaining half, you could exit the second half at a full cycle of the slow stochastics, i.e. when the slow (white) stochastic is below the 20 band and the two fast ones (%K and %D) are both below the 20 band and cross up. In a fast drop such as this one, it might make sense to use Fibonacci to give yourself a clear target for a limit buy exit. This can save you several points compared to waiting for the stochastic to turn.