This is a monthly top-down analysis using trendlines and Fibonacci retracement from the low of $6.32 to the high of $41.40. I use trendlines to establish my directional bias and to map out key support and resistance zones. This method has consistently helped me identify strong entry points for options trading.
Despite the recent tariff-driven volatility, the candlestick has respected my trendline, which I view as a major support level. I entered my options trade at $9.16 with an expiration date of April 25, giving the trade enough time for the tariff concerns to settle and for the market to establish its direction.
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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.