1. MACD BULLISH CROSS ABOUT TO OCCUR
2. RSI STABLE BUT POINTING STRAIGHT UP
3. NO UPPER SHADOW ON 4/1 DAILY CANDLE
4. WEAK BEARISH TTM CYCLE
5. SMALL UPSIDE GAP TO FILL FROM TWO WEEKS AGO
BREAK OF .618 FIB LEVEL IS YOUR AGGRESSIVE ENTRY
CONFIRMED BREAK AND RETEST OF DOWNTREND IS SAFE ENTRY
APRIL 60C HAS ~20K OI
APRIL 65C HAS 18K OI
MAY 65C HAS 27K OI
MAY 70C HAS 18K OI
POSSIBLE BEAR CASE
1.APPROACHING THE DOWNTREND RESISTANCE.
2. 61.8% FIB CAN BE TOUGH TO BREAK
3. LOSING BULLISH MOMENTUM ON THE SMALLER TIMEFRAMES (2H)
4. STILL IN STRONG BEAR MOMO ON THE WEEKLY
APRIL 55P HAS 22K OI
OVERALL I AM BULLISH
2. RSI STABLE BUT POINTING STRAIGHT UP
3. NO UPPER SHADOW ON 4/1 DAILY CANDLE
4. WEAK BEARISH TTM CYCLE
5. SMALL UPSIDE GAP TO FILL FROM TWO WEEKS AGO
BREAK OF .618 FIB LEVEL IS YOUR AGGRESSIVE ENTRY
CONFIRMED BREAK AND RETEST OF DOWNTREND IS SAFE ENTRY
APRIL 60C HAS ~20K OI
APRIL 65C HAS 18K OI
MAY 65C HAS 27K OI
MAY 70C HAS 18K OI
POSSIBLE BEAR CASE
1.APPROACHING THE DOWNTREND RESISTANCE.
2. 61.8% FIB CAN BE TOUGH TO BREAK
3. LOSING BULLISH MOMENTUM ON THE SMALLER TIMEFRAMES (2H)
4. STILL IN STRONG BEAR MOMO ON THE WEEKLY
APRIL 55P HAS 22K OI
OVERALL I AM BULLISH
