Continuing from previous thread XL is at a very interesting juncture here.
It has hot the long term 1:0.618 fib and now watching to see if it can hit these lower short range fibs to complete the count.
If it does price will hit the big yellow pitchfork median line which it hasn't hit so far and will indicate an over extended trend.
If it gets there I will probably sell a few OTM leap puts as implied volatility will be high.
Not advice.
It has hot the long term 1:0.618 fib and now watching to see if it can hit these lower short range fibs to complete the count.
If it does price will hit the big yellow pitchfork median line which it hasn't hit so far and will indicate an over extended trend.
If it gets there I will probably sell a few OTM leap puts as implied volatility will be high.
Not advice.
Commento:
I guess XL is not the most popular name right here - not a lot of greed and certainly no bananas in this chart 😄.
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The tide is turning and blind hodlers might be rekt down the road💀.
Deep analysis - I keep the juicy details for my clients.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
