Short for GLD from a rising channel
I identified two rising channels developing since August, along side with a smaller one. There was a breakout towards downtrend in the upper channel.
Entry: 142.34
I sold a call credit spread to short the position. Currently, it seems that it is about to break the lower rising channel.
Entry: 142.34
I sold a call credit spread to short the position. Currently, it seems that it is about to break the lower rising channel.
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