$MSFT has a five pack of nested 1, 2s. One of the best set ups out there, IMO. I've been holding 12/31 $117.50 long calls. Up 22% on the day. Could get over 100% percent quickly.
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A look at that 5th nested 1, 2 on the 5 min. Much room to run here.
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Love it when a plan comes together! Sold a few of my calls for 25% profit, holding the majority because I still see room to run!
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Hoping that minute wave iv is in just shy of the 0.382.
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Sold my calls near top of minor wave 3. Now in a minor wave 4 correction. Will look to add more calls in the box.
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Possible shallow wave 4 with triangle correction. Added a few calls at count e.
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LOL, nope. Original count was probably correct. I fomo-ed myself. No worries, will add a few more calls in the box.
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May add a few more calls if we correct into this wave 2 box.
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Just added some more 12/31 $225 calls at $5.05 near the bottom of the box. If this count invalidates (i.e., if putative micro wave 2 gets below $223.12), I'll sell for a small loss.
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Invalidated. Closed. Will look for a new long call entry this week. Still MSFT in the short term.
Komentarz:
Possible leading expanding triangle to kick off primary wave 3. Will look for confirmed breakout of parallel channel bull flag to add calls.