This was an ascending triangle I was following. Friday's sell off pushed it out of it's trendline.
Like channels, I started drawing possible parallel trendlines that would allow the pattern the continue. I put my Stop loss below that alternate line.
I drew the right-most upward trendline a few days ago. On Monday it was respected. It retested that line today and went up.
Put premiums are very generous on this, and available weekly.
Like channels, I started drawing possible parallel trendlines that would allow the pattern the continue. I put my Stop loss below that alternate line.
I drew the right-most upward trendline a few days ago. On Monday it was respected. It retested that line today and went up.
Put premiums are very generous on this, and available weekly.
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