Here is my trading setup guys, I do expect it to move down to possibly 181 but I will sell my trade for a loss if it breaks the resistance level shown in the chart.
I will update this idea when there's something to show so be sure to check that out.
Trade active
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There's nothing really new to show here guys but I am in profit at the moment. I would like to see more data before deciding whether it's going to keep moving to the downside or not.
Trade active
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I chose the sell half of my profit at this support level.
Comment
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I chose to sell half of my profit at this support level.*
Trade closed manually
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I've managed to break even on the other half of my trade, but I still managed to end up in profit when I sold half of my profit previously. I will create a new idea on my next trade soon.
If you are short via out-date puts, you may want to wait to see how the monthly chart looks come Friday, specifically where the monthly candle is. There was only one component missing from a major down turn on the monthly, and that was the touch of the upper BB , which we now have. The bothersome part is the " W" pattern ( a classic bottom pattern ) we see starting from last August on the daily, with the right leg now breaking past previous R , but the " bottom pattern is not occuring at the bottom, but rather at the top of an historic 7+ year move up, and THE LOWER BB on the monthly is now starting to turn downward, that is very crucial to see if that condition remains come EOD Friday , as the monthly candle will then be booked.