ULTA confirmed a short signal on my custom indicators and has a completed 5 waves that should accompany such a signal. Since wave (3) at Intermediate degree is over, a long 4th wave should now unfold. It should make it to at least $220.22, even if it's just a triangle correction, but it could possibly continue lower to fill around $215. Here is the trade I made near the close today:
Buy to open ULTA Aug 05 217.5/237.5 put vertical at $5.75
Please support the blog and like this post :-)
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.
No comments:
Post a Comment