QQQ Looking super double toppy ish right now - almost text book

So im looking at a textbook look at a double top pattern and this set up looks to be almost identical - There's going to be a drift higher before the fade really comes in. That may be in the form of a slight green day Thursday into Friday but I would wager that Friday is gonna start a blood bath. Worst case scenario Monday its going to drop off for a nice money maker move.

you can play a few options here that give decent time and are reasonably priced and will most likely allow for even better entry before the drop off.

Casino Style: exp 2/24 $295 PUT

Risky but cheap and might payoff big: exp 2/28 $290 and $295

Reasonable across the board in terms of time and cost -- exp 3/17: $280, $285, $290

3/31: $280 - should provide little worry and good % back on money

ALL THAT being said - as soon as the PT of $285/$284 is hit its time to bounce - that's what ill be doing - obviously with some of the longer exp you could hold longer...

forextraininggroup.c...op-Chart-Example.png

I tried to put the image on here of the textbook pattern but couldnt figure out how so heres the link

Komentarz:

2/24 PUTS for 295 strike paid out big with the big flush down to $290 the day after this post so thats nice.

Price action still griding sideways on the 4 hour and daily so ample time to add to the longer put postions