Short
possible reversal, profit zone is greater then cost of buy put
The fib is placed from the x to a leg, the 2nd fib is placed from the c to d leg.
Fibs are lining up with prior support and resistance.
The gartley extended into a prior high, possibly forming a double top.
The buy side of a put option is $1.85 dollars at the $40 strike price for 89 days out,
for 180 days out the $40 strike price is at $2.60.
where the current fibs line up, it is in a profit zone and outside the break even.
Fibs are lining up with prior support and resistance.
The gartley extended into a prior high, possibly forming a double top.
The buy side of a put option is $1.85 dollars at the $40 strike price for 89 days out,
for 180 days out the $40 strike price is at $2.60.
where the current fibs line up, it is in a profit zone and outside the break even.
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.