1.green box appears to signal the resumption of the uptrend but in reality is intended to TRAP uninformed break-out traders the remaining demand.
2. in phase C price goes through a decisive test of the remaining supply, allowing the “smart money” operators to ascertain whether the stock is ready to be marked down.
>>if these points hold true we can take advantage with good risk/reward,
we can draw a pitchfork using expanding pivots (sign of reversal) in green box.
$$ valid entry could be at upper parallel of pitchfork with stop above green box and target of lower parallel (white box)
>> i sold 1100 call option
you can also buy a put of 1100
2. in phase C price goes through a decisive test of the remaining supply, allowing the “smart money” operators to ascertain whether the stock is ready to be marked down.
>>if these points hold true we can take advantage with good risk/reward,
we can draw a pitchfork using expanding pivots (sign of reversal) in green box.
$$ valid entry could be at upper parallel of pitchfork with stop above green box and target of lower parallel (white box)
>> i sold 1100 call option
you can also buy a put of 1100
Powiązane pomysły
pnb housing
bossdaddy
about PNBHOUSING