AMD peak and valley vertical line time frame phase idea
I want to post a time frame analysis idea to get some constructive feedback, thoughts, and observations. Im new to trading, I'm on year two. I always look at the peaks and valleys of the market and think that buying 1-2 month options should be easily profitable. Im simply sticking vertical lines on the highs and lows and giving a general count of days between. THIS ONE IS DIFFICULT TO ENTER because AMD is in a choppy channel. A recent optimal entry was when it bounced off the 107 - 111 area. Will it retrace back off the immediate resistance to a better long entry? Or will it be off to the races, knowing AMD it is all possible?
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