BBIG getting tight
Price is trading inside previous weeks rang (orange lines) Then closed Friday with an inside day. Will be looking to day trade this next week with a break about above or below Friday range (black lines) Outside bar (3) followed by an inside bar (1) is a powerful pattern. Bulls and bears are trapped, followed by tight consolidation. This means price decay on options premium.
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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.