$GLD in markup phase (Wyckoff analysis)

$GLD daily chart showing its markup phase after a multi-year accumulation.

Trade attivo:

Bullish break of price consolidation since early April. The $165 area has held up nicely. I am in a long term debit spread.

Trade attivo:

Trade attivo:

Both legs of my spread is fully ITM now

Trade chiuso: obiettivo raggiunto:

Closed out for almost max profit. There's still a few weeks left to expiration but that means higher gamma which isn't worth risking.

Don't doubt your vibe.