PFE on Elliott wave 3

One could have opened positions when price hit 50% down from wave 1, which is part of the Fibonacci Ratio Relationship rule. However, it could have dropped further to 61.8%, 76.4%, or 85.4%, being part of that rule.

So, being firmly on wave 3, being the longest of 1-3-5, I chose to wait for the breakout at price of $51.88. It was really close yesterday.