thenewguy1979
"The" Dog
Great work @dl003! Seems like your option #3 (rocket) is activated in full force.
Remember to let us know when it's getting frothy and the DL bearish divergence appears ;- )
DL's post on X:
"The 4th base is being closed out as we speak. The question is "is 211 the end of the white oval?" Technically the white oval can go all the way up to 230 but not without some significant news like a big P&D beat. Right now I'm looking for a retracement to at least 205 before any more upside.
Update: I'm leaning heavily toward 1 and 3. The squeeze is on. Out of my put spreads for a small loss.
Option 1) $211 was it for the white oval and we're pulling back preparing to close out the purple oval.
Option 2) $211 was it for the white oval and purple oval won't be closed out. We going down to 170s.
Option 3) This is just the first leg of the white oval and we're going up much more after P&D.
View attachment 1061365
If option 1 how low of a retracement in the purple oval we looking for?
A retracement is prefer for proper positioning and allow some "catching up". Don't mind if we just rocket to the Moon but it's make it more expensive to position for Long. That would also help my FOMO brother @juanmedina .