Either a clean break at time symmerty at the fib level, or a false move up first. Or, the short setup fails and the short-term bullish trend continues
Note
Time frame is another 30 days. For educational purposes only, not a trade recommendation, but the thesis lends to buying June puts and selling short dated 24 calls / call verticals
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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.