So FB has been hanging here for quite a while, which looks rather bullish. The question is, if FB is to make a bullish move, which route it will take?
For green route, FB might make a huge bullish gap then move upwards. In this case, I will chase with a small position, in case the price retests the current resistance (which will be support by then) For blue route, I will buy the dip quite heavily.
If we close at current price, this looks more like a head fake, and we might just go blue route. but guess we need to be prepared for both cases.
Trade active
already broke through lol. Bought a 2021 Jan leap call. I am now kind of expecting the price to pull back so that I can add two more.
Trade active
added a 2023* (somehow I wrote 2021 in my last post, which is obviously wrong) Jan leap call.
Trade active
added my final 2023 leap. I am done with my FB position. This is getting obvious. higher high, higher low, old resistance, new support...
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.