RSI divergence, Stoch RSI super strong, Deltas flipping from bear to neutral
This is still not confirmed, set a stop under 161/162 spot (or whatever your spot might be, 160 is the last low) Buy some time, probably a month worth of theta would be good enough, maybe less depending on your general market outlook. Probably 165 strk
PT would be 168/169, take profit 1, ~172 id say at least be out half of your pos.
Let's see!
Trade active
⋅
Great day today, BUT we are not out of the woods yet.
Trade active
⋅
Take Profit 1 reached
Trade closed: target reached
⋅
Second take profit area reached, gg boys.
Comment
⋅
You can still ride this, but my PT was reached. You should be at least 5$ in the money, but there is still the seller's average above and we have a lot of events going on (debt ceiling, powell, g7, etc)
Comment
⋅
respect the seller's average, respect the PT, take your money and run.
ABC, A ALWAYS, B BE, C CLOSING. ALWAYS BE CLOSING
Comment
⋅
follow brian shannon on twitter, highly recommend his book on avwaps.
Big rejection off seller's average from the recent high. dont get caught with your pants down