Global materials ETF - a trick

iShares Global Materials ETFArca

Description

⋅ Jun 9, 2022 8:52 PM

On the one hand, this structure is mega bullish - there is a chance if break out to the upside, to ride a strong trend in an extension.

But it is tricky. See in the comments/ update below

Comment

⋅ Jun 9, 2022 8:53 PM

here is the alternative - a strong opposite to the above. Super bearish

Comments

DannyFoss

⋅ Jun 9, 2022 9:28 PM

Both look plausible. So how would you decide which way to trade it?

UnknownUnicorn3382580

⋅ Jun 10, 2022 9:28 AM

@DannyFoss zoom in to regular trading timeframe, just understand the big options