Recent 3 peaks rejected from the red cloud as expected. now if it can go up thru that cloud and close above 135-136 again then targets will be 140-156-175 and can be extended to 210-230 if earning report surprised investors. ER will be at 22-5 ... from other side, support at 110-104-95 gap closing will works good as bounce levels. If break below 95 then possible to make lower low between 65-70 which is wild bearish target and will give investor very strong entry point for long term investment but unless market melt down this is not probable . more likely its for uptrend but could take sometime.
Note
Here is Longview:Note
And this is logical scenario unless!!Note
30 min viewNote
Strangle 14 Apr cost around 5.0 and 35% pp targeting 675$115 P = 2.8
130 C = 2.5
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closed at 700$ profit %40Note
4SE closed red again , option premium shrink . other entry Monday but tighter than previous one . 110 P = 2.7
120 c = 2.3
tot = 500$ and 37% profit prob. profit taken 685$
Note
SE worth to note that if market turns bearish then expect large daily red candle!Note
Closed 2nd entry at 900$ with profit 400% = 80%Trade closed: target reached
CLOSING PUT SIDETARGET REACHED -30$ FROM ENTRY 120
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.