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Strategies & Market Trends : TRIPLE TRADES -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (58)	5/27/2020 1:39:17 AM
From: Bull RidaH	Respond to of 4397

The key pattern seems to be the diamond formed between 2012 & 2019, along with the fork going back to the late 90's. The fork's upper tine was reached and slightly surpassed, and the diamond's upside target at 116 was met. S-T The trade is fighting the upward headwind in the market, which could stall downside movement. Plus, the 7 year diamond can lead to 50% of that amount of time mucking around after the breakout, before the reversal solidifies and engages, which could mean post 2023. Dangerous to buy short dated puts, but a nice naked call write vehicle.