Bearish Engulfing, breakaway Gap, trendline break + retest.
assumption: Fib# Ext. to 3.618 ( 238 ), retracement to 1.618 (182)
Short 240
Stop 225
Target 185
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
assumption: Fib# Ext. to 3.618 ( 238 ), retracement to 1.618 (182)
Short 240
Stop 225
Target 185
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Trade active
BuyToOpen Aug Put butterflay P200/180/160( Buy P200 and P160, sell P180 x2 )
Limit 2.04, P200 delta is -0.22
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Related publications
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.