Originally I was going to buy puts on this green 4 wave going to green 5 wave to finish the correction at 618 fib. But risk to reward wise looking at this, what if the 5 waves of that correction is already in buying puts this late into the correction doesn't seem to make sense risk management wise.
I'm going to be patient and wait and see if that green 5 wave does come down to 618 fib or if its already in we should bounce hard up from here.
So if we go down to 618 fib line i will be buying calls there with 1-2 month expiration. That would be the better bet, in terms of risk to reward than trying to figure out if were done on the minor count of an overall correction at this point of the price correction.
Basically wait for 618 fib, if that happens buy calls with 1-2 month expiration lol. Good luck
I'm going to be patient and wait and see if that green 5 wave does come down to 618 fib or if its already in we should bounce hard up from here.
So if we go down to 618 fib line i will be buying calls there with 1-2 month expiration. That would be the better bet, in terms of risk to reward than trying to figure out if were done on the minor count of an overall correction at this point of the price correction.
Basically wait for 618 fib, if that happens buy calls with 1-2 month expiration lol. Good luck