Try to buy historical low Downtrend Wedge near breakout RSI Divergence WR>-80 (my scripts: Williams %R two lines)
Entry 18 Stop 15 Target 28
Risk management is much more important than a good entry point. The max Risk of each plan should be less than 1% of an account. I am not a PRO trader. I trade option to test my trading plan with small cost.
Trade active
BuyToOpen (BTO) Sep C20/40 limit 2.85 Delta 0.45 No Stop in this OP trade; MAX RRR 6:1
Note
Correction: BuyToOpen (BTO) Sep C20/40 limit 2.55, not 2.85
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.