We can see Theta has formed a nice bull flag on the 4 hour chart.
If we apply Fibonacci from the swing high, to the swing low we can see that theta is bouncing in the golden pocket.
The 0.38% Fib is currently acting as support.
Stop losses should be placed below $11.57
We are targeting to sell the 0.618% Fib.
Following a break upwards, we will be looking to make a play on the breakout of the bull flag.
Will keep you updated.
Thanks.
If we apply Fibonacci from the swing high, to the swing low we can see that theta is bouncing in the golden pocket.
The 0.38% Fib is currently acting as support.
Stop losses should be placed below $11.57
We are targeting to sell the 0.618% Fib.
Following a break upwards, we will be looking to make a play on the breakout of the bull flag.
Will keep you updated.
Thanks.
Trade active
Re entering as set up is still vaild
420Fam
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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.
420Fam
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.