I love this channel play for call options, specially for you smaller accounts. Get in right at the bell today or see if it hits $86 in the morning or Monday, trade your plan!!! I would use a stop of $84.
The first bearish setup, the bearish Cypher (Elite Zone only), already reached both of its target levels.
Now $PRGO is presenting two possible continuation trade setups.
1. Major structure zone.
2. Possible Harmonic pattern completion
*The full explanation is this week's Weekly Markets Analysis
This setup is ...
Cypher pattern completion in $PRGO before earnings. Despite the bearish Cypher, there are important technical elements we need to monitor. Several supports need to be broken to confirm bearish setup.
Read the full analysis in the Weekly Markets Analysis ...
I think here we have everything that we need to open a short position :the huge volume of trading on the falls ,
unsuccessful top-level breakdown, the EMA 50 line, which can serve as a stop, hundred, as excellent psychological target.
I do not think this is necessary to pay attention to the recommendations of analysts.What is important is the fact that too many people now have shares instead of cash. Each time it will be a little lift share to sell.