CBOE seems came out of a channel in daily frame. In the Long term it also running within a channel, and now seems forming a head & shoulder formation.
Great moneyflow divergence, really pushing down & now below Zero. So this might be an interesting short from current price.
* Trade Criteria *
Date first found- March 7, 2017
Pattern/Why- Long term Channel & Head & shoulder formation.
Entry Target Criteria- Current price
Exit Target Criteria- $66.63
Stop Loss Criteria- $80.77
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Trade active:
March 8th - We considered a entry at opening price this morning, now wait & see.
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March 15th - Went up further, but holding to stoploss. Would give a little more room to move. Would consider adjusting stop to 81.47