We've been making higher highs and higher lows on the daily chart. BULLISH.
1) If we can't hold above 0.382 fib at $210, I'm buying 12/04 $205 PUTS. Once the lower support keeps $206 in play, 12/04 $210 CALLS. If the lower support fails, then the good news is; we've already got our puts :)
2) If the upper support keeps us above $210, 12/04 $217.5 CALLS. We will most likely retest the 0.786 fib in this scenario.
1) If we can't hold above 0.382 fib at $210, I'm buying 12/04 $205 PUTS. Once the lower support keeps $206 in play, 12/04 $210 CALLS. If the lower support fails, then the good news is; we've already got our puts :)
2) If the upper support keeps us above $210, 12/04 $217.5 CALLS. We will most likely retest the 0.786 fib in this scenario.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.