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.
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on the 1 hour
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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 level
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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.
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looks like we are already going for a B wave up made new chart to show it