If you want to have some edge in your portfolio, short this. Price is testing the broken support, happens to be an important one, and now is a strong resistance. There is a lot of resistance above, it needs more than a bounce to break it up. I already have a short position, is just a matter of days to price falls like a rock. Too many bearish patterns playing out. Every time it pulls back up is an opportunity to buy puts.
İşlem aktif:
Bought some puts:
Expr 09/01
Strike 109
Expr 09/01
Strike 109
İşlem aktif:
Looks good, double top forming at the resistance is going to drop very fast if it confirms:
İşlem elle kapatılmış:
Taking profits. I think it wants to test the resistance again: