$U consolidating b/t $22.27 and $23.30, 65 minute
Updated
09/27/2024
Weekly: 2u cont. for the 3rd straight week; lets see what week 4 has for us.
Daily: 2d-1-2u failed reversal, gap above between $24.80 - $25.20 (near 0.382 fib $25.22).
65m: Has been in the $22.27 - $23.30 consolidation area since Thurs, 9/26
Options:
U 18 Oct 24 26c @$82 (currently down 32% (-$28) @ $54)
- Entry @ 10:01am @ $23.28 (near high of day entry, shouldn't of taken that trade)
- Profit: above or equal to $24.00
- Stop loss: under or equal to $22.00
Weekly: 2u cont. for the 3rd straight week; lets see what week 4 has for us.
Daily: 2d-1-2u failed reversal, gap above between $24.80 - $25.20 (near 0.382 fib $25.22).
65m: Has been in the $22.27 - $23.30 consolidation area since Thurs, 9/26
Options:
U 18 Oct 24 26c @$82 (currently down 32% (-$28) @ $54)- Entry @ 10:01am @ $23.28 (near high of day entry, shouldn't of taken that trade)
- Profit: above or equal to $24.00
- Stop loss: under or equal to $22.00
Trade closed: stop reached
Horrible play here.
We live and we learn. I didn't anticipate getting into a play I thought was bullish right before it began consolidating.
I was stopped out once price hit $22.
If you look at the chart, price is currently hitting resistance (at the previous support area) around $22.27.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.