#YNDX is likely to continue correction in wave 4. It makes sense to wait for the price reaching $56.50 to go Long& Less likely target is $47.50
Another way to form a Long position is by selling Put options: sell Put strike 56.50 (1/2 of the position) and/or sell Put strike 47.50 (another 1/2 of volume).
The lower the stock price the more expensive are the Put options. So don't rush with the sale of the second Put.