A descending Triangle! Buy at the Breakout!
Updated
I have done it before!
Buy the nearest ATM Put/Call in the direction of the BO!!!
If it breaks to the upside, that means the market isn't worried about the current covid IND/China crisis!!!
If it breaks down, it's a signal that the market is worried!
Also, a down breakout in a few days would signal market will come down heavily! So, trade with caution!!!
For educational/experimental purposes only!!! Be careful!!!
Thanks!!!
Buy the nearest ATM Put/Call in the direction of the BO!!!
If it breaks to the upside, that means the market isn't worried about the current covid IND/China crisis!!!
If it breaks down, it's a signal that the market is worried!
Also, a down breakout in a few days would signal market will come down heavily! So, trade with caution!!!
For educational/experimental purposes only!!! Be careful!!!
Thanks!!!
Note
Buy 20400 CE at 320!!!Note
Exit! 20400 CE at what you're comfortable taking!Note
If you're a scalper! Exit! More serious trader should wait!Note
EXIT!Note
Trade closed with 1000 rupee profit per lot!Trade closed manually
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