From the looks of it Coinbase may be getting ready to make a reciprocal ABCD movement downward as it's threatening to break through the B level and beginning to enter a CD leg that would take us down to the 1.414 Fibonacci Extension.
In an effort to trade this movement I will be buying 7 of the (18 FEB 22 $200 PUTS) that are currently trading at a premium of $8.70 a piece.
In an effort to trade this movement I will be buying 7 of the (18 FEB 22 $200 PUTS) that are currently trading at a premium of $8.70 a piece.
