testing the top of the diamond channel - melting-up. Fed notes on Thursday top watch.
Reverse .618 resistance intraday after a bounce that caught dart support.
pinned right on this line in the sand.
see if it can turn the green channel Reverse GP into support
lose this will be looking for more downside.
the third diamond made it to the ,5. Going to track this pattern over the course of the week looking for back tests off diamond support for short term bull plays
I am a buyer for a bounce off the Yellow Lines in the event of consolidation. If we continue our ascent I will be top fishing the blue channel for short term puts plays if the price action provides a bear back test. If we break-out over the blue channel, a bull back-test will provide a nice level to play continuation.
scouting top fish play off a second attempt at this white res line
monthly options expire this week, will be watching support zone.
Looks like it could be a pennant. Was a good strangle opp, looking for a backtest either way, Bull or bear