There is always a trade to be made and doubly so when the volatility is on. Money Man was drawing his boxes when price went from his perceived decision box straight into his anticipated red target, true’s bob. He is seeing a bounce back into the decision box and then the next decision could be made. Conservatively Decision Box 1 and Green Target 1 could be combined.
Conclusion: Upside is getting a bit oversized for his liking, but what can you do? If the chart is saying something, you must decide to act on what you hear or not. Remember that a 2% move used to be $2 at $100 but now a $40 move is the comparison. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
Conclusion: Upside is getting a bit oversized for his liking, but what can you do? If the chart is saying something, you must decide to act on what you hear or not. Remember that a 2% move used to be $2 at $100 but now a $40 move is the comparison. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
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