AAPL - I like to call it "crapple", is bouncing off the top of the buy zone posted before. However I would really like to see it get a bit lower and trigger those stop loss orders waiting for us to buy AAPL. If you would be so kind as to look at the point shown, that would get us a very nice set up for a bullish retracement run back up again to the 50-62% retracement target as shown buy the right shoulder. So, as soon as we can grap "crapple" (AAPL) by the neck down in the buy zone tripping those stop loss orders, we can then buy a be bullish for a while as AAPL climbs back up again to the sell zone. Please enjoy the silly cartoon face. Do you see the head and shoulders possibly forming? This would also complete the pink Bat Pattern shown
Assuming we can get there in the next couple of weeks, what call price/time frame you thinking about?
whiteknightmoving
⋅
@budchevy, depending on your time frame. If you just want an easy one buy more time say June-July 2019 and about a .70 delta. Or if you know we'll be going up in a corrective abc up, you can trade for shorter a-b-c moves. Since I'm gonna be out more often than in the office, I'll just buy a long term July with about .70 delta when price drops and triggers the stop loss orders waiting for us :). Then sometimes months down the road, I'll see the A move, the B correction and simply measure a projected sell target for the C wave in the spring-summer time highs . Hope the methodology helps
budchevy
⋅
@whiteknightmoving, helps a bunch.. can’t thank you enough for trying to educate another old fart. :)