This could just keep grinding higher, but I think an opportunity could be coming. This has been trading in a distribution pattern, I believe there are some weak hands that need to be shaken out. I’m looking for a correction into the zone outlined. I’ll be playing this with some long dated options / commons. This won’t be active until zone is hit.
Trade active
put on a position this morning Disclaimer
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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.
