Expecting quick progression to 118$ level as final buy-side wave near term.
Looking for renewed significant selling action from that level to retrace price back to pre-earnings levels near 80-85$
Possibility exists (imho) that we fully retrace back to 63-64$ levels by April timeframe, depending on sentiment as we head into next FOMC meeting in mid-March.
After that, my cycles analysis indicates we will continue higher toward 120...Therefore, I will be planning on taking profits on put option contracts once underlying share price reaches below 85$, and will plan on scaling into long equity positions on discounts between 64-85$ for the projected subsequent buy wave to 120+
Looking for renewed significant selling action from that level to retrace price back to pre-earnings levels near 80-85$
Possibility exists (imho) that we fully retrace back to 63-64$ levels by April timeframe, depending on sentiment as we head into next FOMC meeting in mid-March.
After that, my cycles analysis indicates we will continue higher toward 120...Therefore, I will be planning on taking profits on put option contracts once underlying share price reaches below 85$, and will plan on scaling into long equity positions on discounts between 64-85$ for the projected subsequent buy wave to 120+
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.