Possible All State Trade Setups
Updated
I'm lookin at two possible All trade setups:
Long Swing Trade:
breakout from descending channel
Position: 7Dec 120 Calls
Entry: ~116
PT1: 120
PT2: 125
Long term Trade:
Holding support at 125 will trigger initial entry and DCA accumulation
Short Swing Trade:
PA back to bottom of channel
Position:
Entry: ~114
Position: 17Dec 110 puts
PT1:110
Long Swing Trade:
breakout from descending channel
Position: 7Dec 120 Calls
Entry: ~116
PT1: 120
PT2: 125
Long term Trade:
Holding support at 125 will trigger initial entry and DCA accumulation
Short Swing Trade:
PA back to bottom of channel
Position:
Entry: ~114
Position: 17Dec 110 puts
PT1:110
Trade active
After reconsidering, I opened a 17Dec 115 straddleI'll cut the if the price breaks down from wedge and cut the put if the price breaks above 116 with volume
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