expiration of this Friday contract. now it is time to short. Fib retracement, Modified Fork, resistance line and logarithmic fib channel are obvious. we are at the end of impulse elliot wave of today.
It is actually more conservative target than aggressive. Put for next Friday expiration.
It is actually more conservative target than aggressive. Put for next Friday expiration.
Comment:
returned exactly from the end of the channel. shows that the channel is still active. based on the candle patterns wait for monthly put again in the range of 67-71
Comment:
I put on snap when it brakes the channel and could not continue. as I explained why in the above. got it when the second time made a resistance and made double top at 73. I put on it when it came back to channel at 72
Trade closed: target reached:
target reached for second time when it reached the midle red line. I closed my put position when it reached red line at 64.5