4 points to mention
1. 50% fib retracement
2. 4 day time extension from last retracement
3. 5 waves in the channel
4. Mac divergence negatively right before its about to break the trend line.
idea: trend reversal to 2174. 13% drop, buying Upro aug 17(3 week time extension) put spread 25/15 @ 3 bucks gives you a 3.3-1 payout.
1. 50% fib retracement
2. 4 day time extension from last retracement
3. 5 waves in the channel
4. Mac divergence negatively right before its about to break the trend line.
idea: trend reversal to 2174. 13% drop, buying Upro aug 17(3 week time extension) put spread 25/15 @ 3 bucks gives you a 3.3-1 payout.
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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.