There is a daily wolfe wave setup. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is 184 which is expected to reach this price target before August 24 or before earnings. There is also a gap at 181 with a 50 day moving average at 164. I own the July 22 contracts 165c @ 1.35
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Closed all but 1 contract. I plan to close the 165C Wednesday 1030am est or if the market internals are favorable then I may consider closing on Friday since the contracts are ITM.
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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.