Bear Beware: Diamond Bottom
I saw this diamond shape forming.
I am still holding my puts for 7/15 and am hoping we can drop a bit lower and at least test the bottom of this diamond shape. At that point I will probably aim to take some profit personally as this shape is starting to cause me some concern for my short strategy.
TLDR: I am positioned for a downside break but if we break up I think it will be a good sign to go bullish.
Just my tea leaf ramblings.
I am still holding my puts for 7/15 and am hoping we can drop a bit lower and at least test the bottom of this diamond shape. At that point I will probably aim to take some profit personally as this shape is starting to cause me some concern for my short strategy.
TLDR: I am positioned for a downside break but if we break up I think it will be a good sign to go bullish.
Just my tea leaf ramblings.
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