Double Bottom Formation & Iron Condor Strategy

2024年12月2日

1. Bullish Setup:
A potential Double Bottom is forming above the level of 52170.
Entry: If price holds above 52170, enter a long position.
Target: The first target is 52550. Keep an eye on this level for possible exit or adjustment.

2. Bearish Setup:
Support Level: 51761 is a key support level.
Breakdown: If price breaks below 51761, initiate a short position.
Target: The downside target is 51295. Monitor price action for any signs of reversal at this level.

3. Iron Condor Strategy (Option Selling):

• For the week ahead, an Iron Condor setup might be profitable.
  
• Strategy: Consider selling a combination of out-of-the-money puts and calls with strikes above 52550 and below 51761, depending on the expected range.
  
• This strategy could benefit from a range-bound market and potentially deliver consistent profits as long as price stays within the set boundaries.
  

Risk Management:

• Use stop-losses based on key levels, such as 52170 for the long position and 51761 for the short position, to manage risk.
  
• Monitor the price action closely to adapt your strategy as necessary.
  

2024年12月4日

交易結束：目標達成

Target Reached