PURELY EDUCATION AND ENTERTAINING MATERIAL
Personal use:
$LYFT looks prepped for a breakout. Calls can be played on a break of two major pivots.
First one is claiming the .618% fib level at 55.81 using 5 min. The greater of the two being the pivot at previous HOD @ 56.14.
A 5 or 15min candle close above the levels is bullish (short term). BUT a 15min candle close above these pivot point brings a high chance we visit the .786% fib level @ 59.00. Additionally, we have the volume gap to fill represented by the yellow-tinted rectangle.
A breakdown of the previous LOD @ 54.81 can be used to scalp put options.
Personal use:
$LYFT looks prepped for a breakout. Calls can be played on a break of two major pivots.
First one is claiming the .618% fib level at 55.81 using 5 min. The greater of the two being the pivot at previous HOD @ 56.14.
A 5 or 15min candle close above the levels is bullish (short term). BUT a 15min candle close above these pivot point brings a high chance we visit the .786% fib level @ 59.00. Additionally, we have the volume gap to fill represented by the yellow-tinted rectangle.
A breakdown of the previous LOD @ 54.81 can be used to scalp put options.