PINS at Pivot Point
Updated
Can play PINS both sides here depending on its reaction to the currently tested trendline (ascending dashed green line)
Price predictions are based off of supply and demand zones as well as Fib extensions.
Price movement (Blue and Red lines with arrows) isn't a a firm prediction but more of an indication of what important levels may be tested on both down and up-side.
Price predictions are based off of supply and demand zones as well as Fib extensions.
Price movement (Blue and Red lines with arrows) isn't a a firm prediction but more of an indication of what important levels may be tested on both down and up-side.
Trade active
Entered a Long put position at the confirmed resistance point for a day trade.
Position: 12 March 2021 $62 Put cost basis $0.55
Trade closed: target reached
Broke through the price target pretty firmly so rode the trade down to the end of day pullback to the upside after the bear flag breakdown.Sold Put for $1.65
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