Exelon Corp. shows a very weak pattern for wave (v) of ((i)) which is similar to an ending diagonal. This type of pattern shows a tiring of the current trend and often results in a sharp reversal. We see the start of that strong reversal with a clean five wave decline in wave (a), and it is now in a wave (b) rally phase before a sharp impulsive move lower gets underway for wave (c) of ((iii)). Here was my trade from two days ago:
Buy to Open EXC May 20 32/35 Put Vertical @ $1.08.
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