Hey,
We've long been waiting for this inverse head & shoulders to come to fruition. As we can see, we broke out of the downtrend in 2016 but the 1360-1365 neckline has been tested multiple times. Finally it seems like we're ready to break out, how do we know?
1. The last low has not hit the ascending support of the latest move up. This means it's likely getting closer for a parabolic move.
2. GLD 130 & 131 May Calls are starting to get bought pretty heavily.
3. Consistent new short term highs and lows.
I went ahead and started building a GLD call position into the end of today. I distributed them at $128-130 from May-July.
We've long been waiting for this inverse head & shoulders to come to fruition. As we can see, we broke out of the downtrend in 2016 but the 1360-1365 neckline has been tested multiple times. Finally it seems like we're ready to break out, how do we know?
1. The last low has not hit the ascending support of the latest move up. This means it's likely getting closer for a parabolic move.
2. GLD 130 & 131 May Calls are starting to get bought pretty heavily.
3. Consistent new short term highs and lows.
I went ahead and started building a GLD call position into the end of today. I distributed them at $128-130 from May-July.
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.