I have to post on the 15 min, but here's the 5 min:
This is a clear and obvious bearish continuation/ descending triangle. But being 1.20% down already (
QQQ / 
SPY ), we can't be sure that it'll continue to 2%. So the easiest thing to do is get a strangle. Watch for outcome. Posted a strangle yesterday too and it went +150%.
Thanks for reading.
Welcome to follow me for more tips on how to trade with discipline.
This is a clear and obvious bearish continuation/ descending triangle. But being 1.20% down already (
QQQ / SPY ), we can't be sure that it'll continue to 2%. So the easiest thing to do is get a strangle. Watch for outcome. Posted a strangle yesterday too and it went +150%.Thanks for reading.
Welcome to follow me for more tips on how to trade with discipline.
Trade closed: target reached
Update: Put target hit:
Note
That was extremely precise. Love it
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Related publications
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.