Analyzing Market Dynamics: The Falling Wedge Dilemma
Theoretically, we're observing a downtrend coupled with a falling wedge pattern here. However, there's a catch: we're still within the fair value zone, and the Point of Control (POC) sits higher.
Now, falling wedges, even amidst a downtrend, often tend to resolve towards the upside. If we follow this pattern, our target could hover around 212-214.
Considering the circumstances, I'm contemplating exiting my puts today. This feels like a bit of a coin flip, and frankly, this setup doesn't scream high probability to me—at least not in my playbook.
Now, falling wedges, even amidst a downtrend, often tend to resolve towards the upside. If we follow this pattern, our target could hover around 212-214.
Considering the circumstances, I'm contemplating exiting my puts today. This feels like a bit of a coin flip, and frankly, this setup doesn't scream high probability to me—at least not in my playbook.
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