3V64 trade ideas
👀🚨SUNDAY OPTIONS WATCHLIST 12/20/20🚨👀V - Been watching this one in consolidation for a while now. Trading volume picked up on Friday. Gonna be watching for continued strength as we approach its shorter term 215 area resistance and then its next resistance at 217.65 ATH. Will look to play calls on this if we continue this current uptrend.
V - Elliottwave analysis - C of ABC of Y down then UP V - It is correcting down in double three correction WXY down, where ABC of Y is in progress and probably finishes near 200 level. Buy when 2nd wave finishes for next up cycle of 3rd wave up. Small sell set up of C of Y also can be possible.
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V - Visa Simple Price Line/Fib play$V
Today: 11/28/20 615pm PST
Plan: Let Visa drop to Price $204.30, ride to price $215.20.
I'm a simple guy and I like simple plans. Visa has a long history of reacting to these price lines, look left and you'll see many supports/rejections. The lower price 204.30 is just before a clear/recent fib 618 line. Adds to the plan.
Visa appears to be zone trading after it's recent climb. Without any news to tank it, let it drop to this old familiar price line, then bounce up from 204 to 215. May take a while for it to fall and rise, so this play is get rich slowly. Choose wisely.