trendline break + retest.
Possible Head & Shoulders
assumption: Fib# Ext. to 2.618 ( 800 ), retracement to 1.618 (690)
Short 780
Stop 801
Target 690, 650
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Possible Head & Shoulders
assumption: Fib# Ext. to 2.618 ( 800 ), retracement to 1.618 (690)
Short 780
Stop 801
Target 690, 650
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Trade active:
4/3/2024 price 780
BuyToOpen Aug Put butterflay P700/660/620
( Buy P700 and P620, sell P660 x2 )
Limit 3.25
P700 delta is -0.23
BuyToOpen Aug Put butterflay P700/660/620
( Buy P700 and P620, sell P660 x2 )
Limit 3.25
P700 delta is -0.23