Tradingview wants me to write a full essay on this analysis but as a visual person, I looked for pivot and fib confluence in this setup. I also read the price action congesting. Price usually starts trading in a narrow range before a big pop. As we can see here 9th December pivot is widely confluencing with a reverse fib of .382. IDK what else to say about this trade really but from my experience, it has a good chance of having momentum very soon.. Usually if a trade works, roll up, if it doesn't work, leave it to the homies... make money.
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Another reason why I find this one particularly interesting is that the price on Jul 19th broke the main support with a strong bounce, which in my humble opinion suggests there is a big buying pressure. Now if the price doesn't want to cross the base support, Probability would favor price continues higher... or it's just in my head and the trade won't work but it's good enough for me to go a couple of hundred on calls especially with the earnings catalyst.
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I marked supply because that is when most traders would want to take profit but if we get the middle sweet piece of the pie, who cares about it goes more or goes down. TAKE PROFITS!
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Watch ttd too!, If it fills the gap, it could be a golden opportunity to get into some low-risk calls. If not, wait for the break of the consolidation and book profits. 50%- 100% etc use delta .30 strikes, 1 point move = .30 move remember.