There is small RSI divergence on the hourly. This is not hidden divergence so it's always important to remember that when in a downtrend buliish divergence is not a reliable indicator. You should always trade with the trend.
If you look at the chart you can see a potential bullish megaphone forming. If we see a reversal here or a strong bounce of the bottom line I will be looking to add calls with some strict stop losses. If we see a break of the bottom trend line in the megaphone I will continue adding puts.
Until either one of those conditions are true, I'm staying in cash.
If you look at the chart you can see a potential bullish megaphone forming. If we see a reversal here or a strong bounce of the bottom line I will be looking to add calls with some strict stop losses. If we see a break of the bottom trend line in the megaphone I will continue adding puts.
Until either one of those conditions are true, I'm staying in cash.