CMG - Fib / Wave - Analysis Based on fib levels as well as several small and large 5 wave patterns ..
To come... a strong push the next level.
Then, watch for either
(A) a violent rejection of that level or
(B) a breach that is followed by heavy volume and CMG headed deep into the 9's.
*No position, atm*
CMG trade ideas
[Long] CMG bull flag backtestRecent breakout of a larger bull flag has resulted in a consolidating bull flag above it. It also somewhat backtests the larger bull flag.
Small long with two 750/760 call spreads. If the market continues to move strongly and CMG bursts above 760 it should be about a 3-4x gain.