After tumbling for weeks, price already made a bullish bounce off weekly support line. See the 3-candle pattern right at the line. Price has pulled back since, so I am ready to take a long position. RSI has bullish divergence and stochastic %D is moving above oversold territory. I like June expiry for calls because it may take a few weeks for RSI to move up to 50 and this allows time to capture a significant price change.
Note
Buying swing calls today.
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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.