Please refer to chart, yes it is Put option time and/or selling time. Don't fight chart or you will be run over by the trading train. $32 looks like support.
Price is testing resistance at the top, but considering the development of the wedge, it could go another leg down. Anyway if you are on the short side it is a great r:r bet...
At 145.28 resistance zone, seems like a Wave 2 retracement. Waiting for bullish candle/pennant breakout for Wave 3 confirmation, or resistance zone accumulation for a BUY.
While price action drooped a lot in the past few days the basic structure of the cup and handle is still in play. I am waiting for a break above res. at $36.50 with strong volume for confirmation before going long.
We can argue the upper trend line. I see two clear touches and a near miss. Never-the-less this has been turning over since July and coiling inside a symmetrical triangle. I see pretty clear indications of market makers (MM) and Insider activity in the price volume dynamics, indicated by flags. I still would have liked to see that 2nd confirmation on the upper...
