Looking to see if we are in a 4 wave rally and going to go for 5 wave final move down on the ABC correction. If we go down will be looking for 618 fib line for support might buy puts on a down ward confirmation.
Note
on the 1 hour Note
Could be 5 waves down for the C is already done, so I'll be waiting on price action to see what it does. If we get lower low I'll be buying some puts targeting near 618 fib levelNote
This could also be a large abc thats done and going for a B wave up in the correction. Then of course lower low C leg would follow. Gotta wait and see for more price action.Order cancelled
looks like we are already going for a B wave up made new chart to show it
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.