sup dudes, here a decent short idea. pretty bearish on china rn in general since they wana invade places lol. long term leverage might be smart for this one or options if u can afford em. Bulls are struggling to keep above 100 when S&P having whole green days... anyways u can see where rsi got hammered and a huge loss of bullish moment came in so we basically going side ways till another leg down to fibo support. GL :). Also heres my trade 5, 21oct22 puts with a strike of 100$ fairly cheap atm. any option less that 1k will do ya right with the right time frame....
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SORRY forgot to list targets lol basically 85$ is out first target then if it breaks beyond that well where ever u wana take profits but at leaset cover urself at like 85-90 range...
Trade closed: target reached:
trade closed. sold puts for 15$ each. closed a bit early but meh figured 89$ is close enough....still pre bearish on china tho gl guys.
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daily shows a better view as weekly hasnt closed yet i think?