Wedge breakout, revisit trendline
ABC Patten:
Swing A crossed SMA50 (1st) and SMA200 (2nd), Wave#1
Swing B tested SMA200 as support. Wave#2
Swing C will be not less than A; Wave#3
Entry 16
Stop 14
Target 22
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
ABC Patten:
Swing A crossed SMA50 (1st) and SMA200 (2nd), Wave#1
Swing B tested SMA200 as support. Wave#2
Swing C will be not less than A; Wave#3
Entry 16
Stop 14
Target 22
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
Trade active:
Option trade at open:
Buy 2022 Jan Call 20/40, limit 2.70,
Delta=0.3 Theta = 0.00
Stop below 14
20C delta=0.59
Buy 2022 Jan Call 20/40, limit 2.70,
Delta=0.3 Theta = 0.00
Stop below 14
20C delta=0.59
Trade closed manually:
Target1 reached.
Close 8.60, big winner.
Close 8.60, big winner.