Monday, May 2, 2016

Elliott Wave Option Signals - Short ACN

Short ACN

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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