XLE about to prepare for a spurt to the north?
See how price reacts at the centerline/slding/AR-Lines ?
The SWAP in Nov. 16 marked the range and of course it has to come back to breath out.
Lastly the weak hands got scared out by a very hard and final drop (red bar).
Now I can imagine that time is right to collect some premium on the downside.
Even a RiskReversal my be a good trade.
P!
The SWAP in Nov. 16 marked the range and of course it has to come back to breath out.
Lastly the weak hands got scared out by a very hard and final drop (red bar).
Now I can imagine that time is right to collect some premium on the downside.
Even a RiskReversal my be a good trade.
P!
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