Looking at a Friday expiry for this Cypher pattern as it looks good for a couple of strikes !
Placing trade based upon the LOW created from Monday's 2100 hour to Tuesday's 0300 hour pricing, then wait for price to BREAK downward again below that LOW !
Placing trade based upon the LOW created from Monday's 2100 hour to Tuesday's 0300 hour pricing, then wait for price to BREAK downward again below that LOW !
Comment:
Trade Closed Below 0.98250 with 11 PUT Contracts @ ~ $42.00 placed Monday late evening - expired PROFITABLE the next Friday 1500 hours ! In fact, price closed below 0.97750 just where the Descending Triangle points ! WINNER ! ! !
Trade closed: target reached