How to Straddle an Ascending Triangle
Cập nhật
For info on Ascending Triangle, check out my previous AMZN chart.
XLE consolidated 2 weeks prior to form an Ascending Triangle on the 4hr chart.
The 2 week period at the end of July XLE gained 20% .
This sets up a Great risk/reward around a sector with NG on the move.
Don’t count out the oil bull either.
While markets were bearish overall, XLE was on a 60% top before June.
Falling Energy gave way to lower inflation prints in June and July.
I can see XLE going to June high of 93 to form a cup and handle.
More on that in my next XLE idea.
XLE consolidated 2 weeks prior to form an Ascending Triangle on the 4hr chart.
The 2 week period at the end of July XLE gained 20% .
This sets up a Great risk/reward around a sector with NG on the move.
Don’t count out the oil bull either.
While markets were bearish overall, XLE was on a 60% top before June.
Falling Energy gave way to lower inflation prints in June and July.
I can see XLE going to June high of 93 to form a cup and handle.
More on that in my next XLE idea.
Bình luận
links for options calculator with straddle are on my twitter account SPYvsGME
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.