Lets get to this bag. APPL falls from all time price of 145 after the release of a "great" earnings report. I consider myself a swing trader and typically hold option positions anywhere from 1 to 60 days max. Most of my option plays have an expiration date of no less then 30 days from the time open the position. I want to draw your attention to the yellow...
I am looking to gain about 100 pips on this play. SL - 1.11793
* DGD has been channeling very nicely upward * This recent upward spike has broken the existing upward trend in a positive direction. * I have pointed out the new upward channel that has formed (in blue lines) and i have actually taken a buy position at the blue arrow once it bounced off the support of the previous existing upward trend line. * I see this reaching...
- Clearly the channel is trending down for IOTA. - I see it continuing to test the downward top trend line and will possibly hover around the area for a few days. - If it breaks the downward trend line we can see price movement turn bullish.