CLICK ON CHART TO ENLARGE
What would you do with the opportunity/pattern?
I will post the answer on the blog Thursday. If you would like to share your thoughts on the pattern, opinion on what you would do with this asset or would like the answer to this quiz, before I post it, send me an email to email@example.com and I will send you the answer as soon as I can.
Remember its the Pattern that is the key, not the product. This pattern could yield a heck of an opportunity since the underlying asset is up ton over the past year!
H/S top. Time to hedge, or work out a straddle, or maybe just short.
Sell the heck out of it…..
It looks like something I should buy, if I had for more than my daily bread, but I haven’t looked very close at the latest movements, so it was just the first impression that struck me as “bullish”, maybe I change opinion tomorrow…
If Long, sell, then Short
Obviously a “head and shoulders” so you do nothing(if your not in) or a trading short until the right shoulder is broken upward. If you’re in, purchase some puts for protection until it resolves itself.
Short the piss out of it hahaha