Edison International (EIX) is showing signs of a weak wave ((v)) of 5 of (3) and is now undergoing a pullback to the $66.72-$68.89 area. This is the 23% and 38% Fibonacci retracement levels and is also the area of the previous fourth wave, wave ((iv)), so it's a good area to look to exit this short trade. Here is my trade:
Buy to Open EIX May 20 65/72 Put Vertical @$2.74
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