But wait until b/o.
High chance it will break out, but whether it can make new highs directly is not that clear. So either:
1. use short term options and take 2/3 profits when close to prior high
2. use long term and hedge with short term put when close to prior high
Depending on your longer term view. The idea is: if prior high was the top, one should see heavy sell off near 44 & 46 (i.e. strong intra-day reversal). Or it should not b/o the triangle at all.
High chance it will break out, but whether it can make new highs directly is not that clear. So either:
1. use short term options and take 2/3 profits when close to prior high
2. use long term and hedge with short term put when close to prior high
Depending on your longer term view. The idea is: if prior high was the top, one should see heavy sell off near 44 & 46 (i.e. strong intra-day reversal). Or it should not b/o the triangle at all.
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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.