Using 2 hour bars you can see 2017 performance and a regression channel that puts the steady rally higher into a relative context. Each time price reached its upper channel it pulled back within two weeks. The pullback is around 3%. But with 13000 a key level only 2% away, we could see a swift leg up before pulling. Idea; sell 3m calls at 13000 or set sell limit order at 13000.
In fact, this chart provides a different perspective of the market. This type of charting idea never passed through my mind. It is always good to keep in touch with professional traders.
Thank you for sharing this chart. Continue your good work.
Thank you for sharing this chart. Continue your good work.