The big window that had been opened October 25th has finally been close now and the upward pressure is dwindling. That's why I prefer the close of the 2nd November window now instead of the continued rise to close the 24th October upward window.
The risk is that the bears may be unable to close the window that had been opened yesterday with the spike up. I consider this as not so large as there may lay enough stop loss orders around it. When the first of them will be triggered then the price may plunge very fast towards the deeper window at about 128.
The risk is that the bears may be unable to close the window that had been opened yesterday with the spike up. I consider this as not so large as there may lay enough stop loss orders around it. When the first of them will be triggered then the price may plunge very fast towards the deeper window at about 128.
Trade closed manually:
I am closing the position with almost no loss. As I said in the comment, if there is no momentum I will give up. I don't wan t to have in the book over the weekend the more that I cannot be in the market in the first days of next week. I am still bearish on Alphabet but without a momentum now I think we may see some sideward consolidation next week.
When I am back I will make another decision next week.
When I am back I will make another decision next week.