Petr Suchanek

FB pattern analysis

116 4
Jaroslav and Bradley, this is a nice "pattern composition", I thinkg now it is the time to go short again.
What do you think?
I believe a better trade in FB is a long position. I like the idea of waiting for a pull back then enter the trade as selling a put credit spread. I guess it depends if you are looking for a scalp vs.holding the option until the end of this week or next.
Bradley, with what parameters would you buy this bear spread? I mean, what expiration, strikes, etc.?
Yes Petr, I like that one . This is sellers zone and retest of that 49.80 is in play .
I'm bearish in FB so yeah that works for me lol. If you can play it with options, I would suggest buying a put debit spread since volatility is low ;)
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