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Price-Level-Trading
Feb 19, 2019 4:10 AM

ABC is at a strong downtrend line resistance Long

Description

A lot of volume came in on Friday closing as a doji at major resistance. Shorts are most likely hopping on board here. Going down to the 4H you can see there is an ascending triangle.

My plan is to enter above February 7th's high with March $85 calls. Should be a strong momentum move to the upside if volume moves in on a breakout of the downtrend line.

Let's see what she does this week :-).

Order cancelled

Cancelled for now.
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