I just wanted to let all of you big hitting traders know a few things. The consolidation stage, which I termed step 1, has a stair-climb theme, but not as much as the spread in bouncing from one to the other, which has been evident for weeks or even months. I've counted three if we exclude the stair step, therefore this is not a good option play because it's traveling sideways and seems like it's going to step 2.
I would like to draw your attention to a few points, traders who are active. Check out the consolidation stage, which I dubbed step 1 since it resembles a stair ascent somewhat, albeit not nearly as much as the spread that has been evident for weeks or even months. With the sideways movement and my sense that it's heading toward step 2, I've counted three, if the stair step is excluded. Not a healthy option play.
Other than that, there are a lot of uncontrollable things that could affect how long it lasts, but we have no influence over that.
Next>>>>back to 30-32 but the descending line coming from up top if it squeezes when it meets the resistance line then a new high could be made and a new level of play.
I would like to draw your attention to a few points, traders who are active. Check out the consolidation stage, which I dubbed step 1 since it resembles a stair ascent somewhat, albeit not nearly as much as the spread that has been evident for weeks or even months. With the sideways movement and my sense that it's heading toward step 2, I've counted three, if the stair step is excluded. Not a healthy option play.
Other than that, there are a lot of uncontrollable things that could affect how long it lasts, but we have no influence over that.
Next>>>>back to 30-32 but the descending line coming from up top if it squeezes when it meets the resistance line then a new high could be made and a new level of play.