B wave can definitely go higher than this of course. Just laying down one scenario for myself there are 36 combinations of correction types so good like getting the right one, need more price action to confirm and narrow down what will happen. More for myself to track what I thought at the time will update with new charts most likely wrong here
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so once that blue B wave finishes lets just say for example to mid 130s 140s. its gonna do C wave correction to 681-786 area most likely. Which can be puts from 130s down to 80-60 dollar range. Soon as we get confirmation of C wave down I'd be buying long term puts say 3-6month expiration would be an amazing profit. imo
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But if we keep going higher and retrace more than 786 - 88% could be the blue 5 wave is actually 3 and we will see higher highs. but i like the original idea for now
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B wave could be much higher to 150-160s though gonna be fun to watch this looking for a sweet setup
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looks like it can go to 618 fib waiting patiently for puts entry
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looking to see if it hits 147 and reverses or keeps pushing past. Will count 5 wave set to estimate that area i might get in on puts. Earnings is close by so hmm