Test of 427 at Least (final TGR pt. 5)
Updated
Loading July puts in the price range 460-485.
I will continue to accumulate puts in this zone until either of the 2 scenarios below occurs:
1) If price drops below 460 at any point
2) If price is still in this zone on 5/14 (next Tuesday)
If either of these occur my position will be complete.
Main/primary forecast:
- Reversal begins tomorrow 5/9, initial target is a break below 460 by 5/10
- Goal target = 427 by 5/17
Alt. forecast:
- META takes until 5/15 to break below 460
-Goal target = 427 by 5/31/2024
Stop Loss = close above 485
Not Fin. advice
--------------------------------------------------------------------------------------------------------------------
This is my last prediction for now in The Goat Returns series (a set of bearish ideas for the expected market drop over the coming weeks).
The other ideas in the series are linked below.
I will continue to accumulate puts in this zone until either of the 2 scenarios below occurs:
1) If price drops below 460 at any point
2) If price is still in this zone on 5/14 (next Tuesday)
If either of these occur my position will be complete.
Main/primary forecast:
- Reversal begins tomorrow 5/9, initial target is a break below 460 by 5/10
- Goal target = 427 by 5/17
Alt. forecast:
- META takes until 5/15 to break below 460
-Goal target = 427 by 5/31/2024
Stop Loss = close above 485
Not Fin. advice
--------------------------------------------------------------------------------------------------------------------
This is my last prediction for now in The Goat Returns series (a set of bearish ideas for the expected market drop over the coming weeks).
The other ideas in the series are linked below.
Note
Gap won't get filled yet. MZ savin it for laterNote
Making final adds for puts before finalizing my position by the closing bell today. As I enphasized in the original post, this last week has been a loading period for accumulating July puts in preparation for this expected move down (it will be big).Good luck, its about that time bears.
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