Double top and bearish flag forming. I think eventually is going to break through the neck line. I'm giving the puts some time bc we might have a fight between bulls and bears at the support. Today the market opened very high, so I'm buying my puts very cheap.
Note
It's falling like a rock. It might retest the neckline, in that case I'll buy puts again. I'm going to sell almost everything at the support (blue line) and leave some in case price breaks through. Trade closed: target 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.