This chart follows up on my earlier post (linked). I bought swing puts and while price pushed over 322 I was able to hold my puts due to time, and small position size. I sold them for profit on 8 Jul when price was around 318. Here I see another opportunity for swing puts, based on RSI.
On the daily chart, left, RSI dipped below 33.33 and then bounced up, but has not moved over 66.66 even with the bullish candle on 7 Jul. In fact there was a bearish open on the 8th. These past two days show price stalling, possibly reversing back to 310, and the gap near 304.
On the 30m chart, last week there were two candles that kept RSI below 30. Today's big opening candle was bullish but could not get follow through and RSI is also under 66.66. I see price heading back to 321 and then then gap fill near 318.80.
On the daily chart, left, RSI dipped below 33.33 and then bounced up, but has not moved over 66.66 even with the bullish candle on 7 Jul. In fact there was a bearish open on the 8th. These past two days show price stalling, possibly reversing back to 310, and the gap near 304.
On the 30m chart, last week there were two candles that kept RSI below 30. Today's big opening candle was bullish but could not get follow through and RSI is also under 66.66. I see price heading back to 321 and then then gap fill near 318.80.
