possible reversal, profit zone is greater then cost of buy put
The fib is placed from the x to a leg, the 2nd fib is placed from the c to d leg.
Fibs are lining up with prior support and resistance.
The gartley extended into a prior high, possibly forming a double top.
The buy side of a put option is $1.85 dollars at the $40 strike price for 89 days out,
for 180 days out the $40 strike price is at $2.60.
where the current fibs line up, it is in a profit zone and outside the break even.
Fibs are lining up with prior support and resistance.
The gartley extended into a prior high, possibly forming a double top.
The buy side of a put option is $1.85 dollars at the $40 strike price for 89 days out,
for 180 days out the $40 strike price is at $2.60.
where the current fibs line up, it is in a profit zone and outside the break even.