on the action we know that now the seasonal trend begins so we are preparing and looking for areas of accumulation
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My millionaire Mentor Richard taught me his divergence play set up and said if HD ever comes down start looking for Divergence.... So here we are. We have Divergence and Keycode is set to a strong play in the past where price action is contained inside of it at at least 95% or better.
I made a key code of the price action then found an exact match to this move in...
Home Depot - HD - Short Strangle Options Strategy
What do you think? I personally think it's going to channel for a while so I put a strangle on.
As always, please do your own DD.
You can watch this in conjunction with my Lowe's trade posted below. Essentially they're a play on the same industry and overall market crash in dec; (they're price is strongly correlated to the general market). Choose whichever one works better for your risk management.
Like always, thanks for the constructive feedback
I think the all time highs for these 2 stocks are behind us and they should only head lower from here. Ive observed a repeating pattern for both these stocks which tell me a trend change is forthcoming
Ticker:
$HD
Notes:
HD has entered a zone which is above a nice price level. It also entered this zone with strength. Possible opportunity for continuation here!!!
xeenos trading - sending positive energy to all those watching
Follow up to the watchlist chart I posted yesterday.
Absolutely beautiful intraday pattern around our key levels and BOOM - LOVELY TRADE!
Yesterdays Watchlist video also referenced below
