Campbell Soup (CPB) is in a similar scenario as BKH in that it is about to undergo a C wave within a 2nd wave. Here we have wave (c) within wave ((ii)). I uses wave relationship Fibonacci analysis between wave (a) and (c) as well as Fibonacci retracement levels of wave ((i)) and we can see a confluence of support between $61 - $62, so my target will probably be in that area. I placed a vertical put option spread for this trade:
Buy to open May 20 60/65 Put ($2.25)
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