Nice break from descending wedge. Furthermore, bouncing off longer term support (thicker blue line); looking for it to pair up with the red descending line from the wedge break.
on 4h charts, we have a nice HA buy signal and PSAR also turning up. MACD curving upwards; RSI coming out of oversold conditions. Opened a May 21 3150-3280 call spread. (3280 chosen for easier spread exit without having to deal with premium obnoxiousness near expirations)
on 4h charts, we have a nice HA buy signal and PSAR also turning up. MACD curving upwards; RSI coming out of oversold conditions. Opened a May 21 3150-3280 call spread. (3280 chosen for easier spread exit without having to deal with premium obnoxiousness near expirations)
Note
closed all short calls here and reduced long call exposure, but still net long may21 exp 3150 calls.Trade closed manually
Got pretty close this morning at 3310; closing this one out for now. Still potential upside but hard to wait with such short dated calls.
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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.