Price in "Multiple Resistance Area"
After the runaway Gap price developped an harmonic ABCD movement. Not only are we at D point right now but we can gather together multiple Fib ressitance levels in this area.
Looking closely on the daily and 240M chart this week. Nice erea for a countertrend trend trade. IV% is far below 20% so no way to collect premium this time but Debit Put Spread may do just fine if price drops and IV raises
Looking closely on the daily and 240M chart this week. Nice erea for a countertrend trend trade. IV% is far below 20% so no way to collect premium this time but Debit Put Spread may do just fine if price drops and IV raises
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