Although, Circumstances & atmosphere & situation doesn't favor bullish scenario.
But, I would like to be the GUEST to make this WILD GUESSTIMATE.
Even common sense says that some big downside movement is coming up that i agree upon as per market condition.
However, what i observe on the chart also defies that there is just much FUD in the market and market would be looking for a relief rally to complete its Final C Leg before a big move down.
Puts are new CALLS for retail traders. Market needs to change this sentiment for a while and trap some Bulls and EXHAUST Late Bears.
Please note, this is not a financial advice. This is just my personal speculation of market that i am posting as a fun idea.
But, I would like to be the GUEST to make this WILD GUESSTIMATE.
Even common sense says that some big downside movement is coming up that i agree upon as per market condition.
However, what i observe on the chart also defies that there is just much FUD in the market and market would be looking for a relief rally to complete its Final C Leg before a big move down.
Puts are new CALLS for retail traders. Market needs to change this sentiment for a while and trap some Bulls and EXHAUST Late Bears.
Please note, this is not a financial advice. This is just my personal speculation of market that i am posting as a fun idea.
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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.