Penny Man Here lads.
As you know, CitiGroup downgraded ZIM to a sell rating, causing price to cascade in a massive onslaught closing almost 20% down in a single trading day. Looking for a B-Wave setup,.
NOT going long on the expected come-up for the B wave.
I do plan on buying some short-term puts that are OTM. Probably give them 1-2 weeks time with the strike price at the bottom of the initial A wave ($19.00)
Monitoring it as it goes for Monday!
As you know, CitiGroup downgraded ZIM to a sell rating, causing price to cascade in a massive onslaught closing almost 20% down in a single trading day. Looking for a B-Wave setup,.
NOT going long on the expected come-up for the B wave.
I do plan on buying some short-term puts that are OTM. Probably give them 1-2 weeks time with the strike price at the bottom of the initial A wave ($19.00)
Monitoring it as it goes for Monday!
Nota
Still no trades, and glad for it. Luckily that open Tuesday was violent. Have 2 potential scenarios playing out. Unsure of which wave-count is accurate, but for now sitting on the sideline to see how this develops.Bearish setup:
Bullish Setup: (no details on where it will go exactly, but this count assumes that the correction is complete)
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.