Nearing end of C leg of correction. 5 wave of the C leg, might scalp the last 5 wave with little position on puts.
But really just watching and waiting for a good long call entry with long expiration say 6months to year depending.
If that long term reversal is confirmed by seeing 1 wave with 2 wave correction that doesn't make lower low i'll be trading options
on the intraday, wk etc.
But really just watching and waiting for a good long call entry with long expiration say 6months to year depending.
If that long term reversal is confirmed by seeing 1 wave with 2 wave correction that doesn't make lower low i'll be trading options
on the intraday, wk etc.
Note
looks like 5 waves down should be coming either tomorrow or day afterNote
I think this is a longer blue 3 wave and we are seeing a 4 wave correction should see 5 wave down soon after this
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Disclaimer
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.