- On a 4 hour chart with , in the upper indicator and CM_WVF_v3_Ult in the lower indicator
1) When CM_WVF is in GREEN, and
2) Price is outside the KC
3) When price reenters the KC initiate the following transaction:
Sell Put or Put spread with the closest strike at the lower . Days to expiry = 30 days
Within the past 6+ months, that signal has occurred 5 times with all expiring OTM, and once was there a touch.
The setup in FCX is near again - Green CM_WVF and price is outside the KC.