In past couple of weeks DIS is showing side ways movement.
IDEA 1: Short term play - sell calls and puts 4 strikes beyond resistance & support respectively.
IDEA 2 : Mid term play - Play straddle @ 187.5 & 190
Both ideas are for educational purpose only. Use your own discretion.
Price formed head and shoulder and breaks the trend line, if conservative wait for the retest and enter long. Aggressive traders would have went long well before.
Gold futures preparing to come at $1740 - $1750 - $1760 . Day traders must wait for a breakout of the control price line before entering.
The uptrend will end whenever the gold spot price breaks strong support.
Price breaks the triangle pattern and moving up for the day. One can easily understand from the above analysis that the price is trading inside a channel pattern and the price is currently at the channel support, in this case the target would be top of the channel if this momentum continues.
There may be a possibility of retesting the triangle breakout level but...
EWT count is marked on chart. TSLA in 4th wave of corrective wave. Ideally it should stop at 38.2-50% of wave 3 but it can stretch to 61.8% ( can't take out low of 1). Price can retrace to 745-750 and then reverse for 350-380 zone. 777 is the GAP resistance which should not be taken out if this wave count is right.
Disc : it's not an investment advice to buy or sell
