Purple is trading currently at its P-Pivot Point. There are good opportunities in both directions, we just have to wait for confirmation.
IF the Pivot Point fails as a support level, shorts are the proper way to make money of the fluctuations.
>Price targets: 1; 19.04
2; 16.85-15.87
If it holds, we could see a steady rise in the price even a breakout.
>Price targets: 1; 23.84
2; 27.67
I currently sold some vertical calls, (20 Nov 20 22.5/25 CALL @.80), this is the safest way for now, and I will buy some puts if it gets below the Pivot Point.
If the opposite case happens, close the trade and buy calls
IF the Pivot Point fails as a support level, shorts are the proper way to make money of the fluctuations.
>Price targets: 1; 19.04
2; 16.85-15.87
If it holds, we could see a steady rise in the price even a breakout.
>Price targets: 1; 23.84
2; 27.67
I currently sold some vertical calls, (20 Nov 20 22.5/25 CALL @.80), this is the safest way for now, and I will buy some puts if it gets below the Pivot Point.
If the opposite case happens, close the trade and buy calls
