Today I entered into a put option position on Starbucks expecting a pullback to the 79-84 area. (golden pocket and .5 retracement level)
Some reasons:
- Bearish divergence on medium time frame oscillators
- Resistance levels noted on the chart as trend lines
It appears that Starbucks may be forming a head and shoulders pattern as well, I plan to hold some of my position in case this pattern plays out.
Goodluck!
Some reasons:
- Bearish divergence on medium time frame oscillators
- Resistance levels noted on the chart as trend lines
It appears that Starbucks may be forming a head and shoulders pattern as well, I plan to hold some of my position in case this pattern plays out.
Goodluck!
註釋
I am not a pro with head and shoulders, so I am not sure if I can draw the pattern without the wicks like I did for the march 2020 bottom. I figured that was a black swan event so I could alter the pattern slightly to fit my bias. Regardless, let me know what you think about my head and shoulder pattern!
交易進行
註釋
Dovish Fed pushed the market higher but I think this is a dumb money rally. Smart money is has been existing for a week now. (hedge funds)
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。