Updated
XL - Will It Hit The Median Line? 🤔
Continuing from previous thread XL is at a very interesting juncture here.
It has hot the long term 1:0.618 fib and now watching to see if it can hit these lower short range fibs to complete the count.
If it does price will hit the big yellow pitchfork median line which it hasn't hit so far and will indicate an over extended trend.
If it gets there I will probably sell a few OTM leap puts as implied volatility will be high.
Not advice.
It has hot the long term 1:0.618 fib and now watching to see if it can hit these lower short range fibs to complete the count.
If it does price will hit the big yellow pitchfork median line which it hasn't hit so far and will indicate an over extended trend.
If it gets there I will probably sell a few OTM leap puts as implied volatility will be high.
Not advice.
Note
I guess XL is not the most popular name right here - not a lot of greed and certainly no bananas in this chart 😄.
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Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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.