Breadown of a descending triangle with gap to fill.

٢ يناير ٢٠٢١

Looking at a bearish descending triangle that broke below the support line on Thursday. Could potentially buy puts here and target the gap fill. If youre ballsy you can target the measured move from the height of the triangle downward. Not financial advice.

٢ يناير ٢٠٢١

ملاحظة

The measured move in blue is just for reference. I dont think it would go down that far anytime soon, if ever.

٤ يناير ٢٠٢١

ملاحظة

Earnings on Thursday likely to change this.

٤ يناير ٢٠٢١

أغلقت الصفقة: تم الوصول لوقف الخسارة

Failed trade. Fakeout to the downside. Jumped back above the support level.