After Reviewing my count over and over, I see two variations this could play out. We could have finished wave 5 of wave C of wave A at 417.55 mark OR we could have come down on wave 4 and pushing towards wave 5. This is due to adjusted my Yellow wave 4 - a,b,c correction to a flat. Rule of alternation.
If you followed my Call, i cashed out at 1.73 from .57 entry with my stop loss set at .45.
Currently I'm hedged because of potential wave 5. I have 400 put 8/19 at .28 and 417 call 8/10 @ .54 and 8/12 @ 1.34. If we move towards 415, I will stop out of my puts (take whatever profit if any, took at 417) and double up my calls for 8/12 and see what we do 8/10 for those calls. -_-
Area's I'm watching on this count: Upside: 414, 414.88, 416.14, 417, 417.74 Downside: 410, 409, 407, 406, 405
Good Luck Traders.
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Making correction - 400 put for 8/12 at .28 400 put for 8/19 1.61
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