Price tried to test the broken uptrend twice but it's been rejected even before getting there the second time. I don't think is going to try a third time.
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Just bought some puts. Very risky but price looks weak.Trade active
Well it made it to the resistance. Just opened a short position.Trade active
Just added to my short position:Trade active
I still think this one is going to drop but it looks like is going to test the $120 level first:Expire 05/26 Strike 116
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The $120 is a sellers territory, last time it touched it was rejected aggressively. Next week could be bloody. Note
Check the inside bar, this means that it could open with a gap down one of this days:Note
If I wasn't short already I would buy a ton of puts:Note
Well, is closing the week with a nasty weekly candle. Still holding this short and about to buy puts the next:
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Disclaimer
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.