I laid out some supporting evidence that I currently see, looking at the chart of 
X
This has been consolidating for a couple of weeks leading up to its' earnings report and 38.12 has positioned itself as a long term supply zone. It looks as if it's going to take a ride down the roller coaster to previous demand zones. Which leads me to believe,X will coast right on by the 1st demand zone and test the 2nd support level before consolidating again and making its' next move.
I am interested in the following short plays:
38 Put and 37 Put expiring 2/14
37 Put and 35 Put expiring 2/28
Again, my beloved TradingView traders, I am not a financial advisor (yet) nor am I your next financial guru. However, I am a student of the game and love to share my thoughts on what could be! My plan is to check back in a couple times a week and leave any updates along the way. Good luck on your trading journey and remember... Always, Always, Always Take Profits!
X This has been consolidating for a couple of weeks leading up to its' earnings report and 38.12 has positioned itself as a long term supply zone. It looks as if it's going to take a ride down the roller coaster to previous demand zones. Which leads me to believe,
X will coast right on by the 1st demand zone and test the 2nd support level before consolidating again and making its' next move. I am interested in the following short plays:
38 Put and 37 Put expiring 2/14
37 Put and 35 Put expiring 2/28
Again, my beloved TradingView traders, I am not a financial advisor (yet) nor am I your next financial guru. However, I am a student of the game and love to share my thoughts on what could be! My plan is to check back in a couple times a week and leave any updates along the way. Good luck on your trading journey and remember... Always, Always, Always Take Profits!
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.
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.