Accenture PLC (ACN) is correcting a large 5 wave rally in wave (2). The correction should be in wave C, which is a strong impulsive wave. I expect it to take this stock to the previous 4th wave and Fibonacci retracement level at $107. Here is my trade:
Buy to open ACN June 17 105/115 put vertical for $2.95
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PLEASE NOTE: THIS IS AN ELLIOTT WAVE BLOG EXPRESSING AN OPINION AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. TRADE AT YOUR OWN RISK.
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