2 years-
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Well I really like the idea of a short in LULU. However, my analysis is that there’s fairly high probability the swing up is not complete. Symmetric projections of sub swings up point higher. The Fibonacci structure of the move up is good but that’s expected as it’s pausing at a ceiling price, which if it’s not the ultimate pivot high will likely be a Fibonacci level of the eventual complete structure. My next projected pivot high using a fitted Fibonacci structure over the move just happens to point to the same price level that 3 of the 4 symmetric move projections point (221-ish). So I took a small gamble and put on a butterfly centered at 217.5 for mid-Nov, which is just about the time the symmetric projections indicate price should get there. Almost 10-1 payoff on a pin. And if price moves away, should be time to get out at perhaps 1/2 of the max loss too. THEN I’ll be looking for short triggers.
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This topic was modified 2 years by
. Reason: Kevin, I'm editing this post to remove reference to your site. Obviously, ee don't allow soliciting of services for other sites
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This topic was modified 2 years by
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