Weekly & Daily setup so should have high probability.!
Weekly (W) Chart shows Price Action (PA) sell off last few weeks towards Lower BB% .
W RSI Oversold and previous S& R level of 47 to 47.50
On Daily (D). PA has been consolidating at S&R level and right on 200 MA.
As usual, Looking for reversal to mean back higher.
Aiming for 47.5/45 Put Credit & 50 Call option for Directional bias higher.
Exp Aug 16 but selling to close in Profit well before that.!
Good Luck - Watch YOUR RISK
Weekly (W) Chart shows Price Action (PA) sell off last few weeks towards Lower BB% .
W RSI Oversold and previous S& R level of 47 to 47.50
On Daily (D). PA has been consolidating at S&R level and right on 200 MA.
As usual, Looking for reversal to mean back higher.
Aiming for 47.5/45 Put Credit & 50 Call option for Directional bias higher.
Exp Aug 16 but selling to close in Profit well before that.!
Good Luck - Watch YOUR RISK
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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.
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.