SPY possible quick put play
Testing a theory mostly. Purple line is projected resistance area drawn using the peaks inside each ascending triangle; implies that the peak of this particular uptrend has been reached. There is a downturn to the bottom yellow line after price action exits each triangle, so that is my price target for my puts. Triangles constructed using trend lines of the same slope (each leg was cloned; so the left legs all have same slope as do the right).
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