May's Range: 36,400 - 38,600
Bullish: >38,600
Bearish: < 36,400
Short Strangles recommended for May Expiry given the low VIX.
Good Luck!
Comment:
Compare the two BNF triangles.
1) Yellow triangle, the price was sticking to resistance line before breakout.
2) White triangle the price is sticking to support line.
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1) Yellow triangle, the price was sticking to resistance line before breakout.
2) White triangle the price is sticking to support line.
Can we expect a breakdown in May?