Indexes turning bearish at least in the short term so its time to find a suitable short.
And so KBH here appears to be completing an ABC retracement that if correct will see it go much lower.
Plenty to go on:
I've bought a Jan 2023 ATM put near 0.618 retracement
Not advice.
And so KBH here appears to be completing an ABC retracement that if correct will see it go much lower.
Plenty to go on:
- Its hit the 1:1 .
- Its printed a probable exhaustion gap.
- Its formed a fast wicked top SRP through the 1:1.
- Its filled a gap from 9 June.
I've bought a Jan 2023 ATM put near 0.618 retracement
Not advice.
Comment:
This drifted a while but now indexes are falling, KBH is plummeting!
1:1 is $16 and it will probably overshoot perhaps to the 1.272 at $13 so targets to cover will be in that area I think.
1:1 is $16 and it will probably overshoot perhaps to the 1.272 at $13 so targets to cover will be in that area I think.
Comment:
This one is working out very well 😸.
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Going very well 😸.