Yesterday's candle tested the 50% fibonacci level and closed at the 30 day POC. In addition the 50 sma is going to be crossing the 200 sma any day now making a "golden cross". It may see resistance at 1.99 but I will enter over 1.90
With a STRONG bearish signal from a long legged doji at resistance to today's hangman, signaling a WEAK bearish reversal. Anticipating continued up with a CALL BUY at $5 but reduce cost by CALL SELL at $7.5 both at January 19 expiry (credit spread).
