Question session, what does jail break mean? I can't seem to find anything on this technical analysis topic, I have read it before in a magazine years ago but can't seem to find the article on it.
Does this mean that it's going to be range bound and be moving in every which way direction by the bound? If so does this make it a good Iron Condor candidate with options?
It's just a fun name for a tradable rangebound market and I have no idea what is an iron condor so I can't tell you if it is or not
StaniecLukasz
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@Ichimoku_Trader, now I know. Iron Condor is a 4 legged option tactic that captures credit on a range bound movement. The wider the strikes/range the higher the probability but the lower the credit to be received if successful around expiration and vice versa.
Fantastic thanks a bunch
aa2016
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why do you think it is corrective and not reversing the down trend to move upward?
Question session, what does jail break mean? I can't seem to find anything on this technical analysis topic, I have read it before in a magazine years ago but can't seem to find the article on it.
Does this mean that it's going to be range bound and be moving in every which way direction by the bound? If so does this make it a good Iron Condor candidate with options?
Many Thanks in advance