Started trading options this week and its been awesome. Been seeing a lot of my rules apply to the stock market just like it would in forex. Other then news my concepts still hold value. Going to go in on this once tomorrow morning. This has to come down to fill the imbalance in the market from the strong bullish move up. We even gapped up before the big move and that yet has to be filled. My tp is the Order block and the see how price reacts there.
Nice break of structure to the downside I want this to close and hold under for the confirmation for a sell. We also have a nice retracement and rejection from the 61.8 fib lvl so things are looking good so far imo.
Nice break of structure to the downside I want this to close and hold under for the confirmation for a sell. We also have a nice retracement and rejection from the 61.8 fib lvl so things are looking good so far imo.
Note
never got a CHOCH we gapped down and then filled that gap to the upsideTrade closed: stop reached
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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.