was waiting to do something with FDX, but wanted ER to blow over first.
looks like a good short candidate. 2 possible bearish order blocks. first one got touched march 1 and fdx closed below. also touched fib level. 2nd possible order block entered marc 17 20 and 22 (today). also bearish divergence bar forming on daily. see if it closes today and completes the candle.
sold call spreads 195/197.5
target 180s? gives us AB=CD and a 1.27 extension from fractal break at 184
looks like a good short candidate. 2 possible bearish order blocks. first one got touched march 1 and fdx closed below. also touched fib level. 2nd possible order block entered marc 17 20 and 22 (today). also bearish divergence bar forming on daily. see if it closes today and completes the candle.
sold call spreads 195/197.5
target 180s? gives us AB=CD and a 1.27 extension from fractal break at 184
Trade closed: target reached:
Sold spreads at 1.09 and covered at 0.33. reached my expected profit target.
prolly still ways to go down.
prolly still ways to go down.