Declining Triangle formation on top. Not very symmetrical but OBV indicates insider activity is a prelude to negative earning announcement. Entry can be at current price levels if there is no bounce prior to earnings. Uncertain a straddle straddle strategy is ideal but only when Implied Volatility is high.
Trade geschlossen: Ziel wurde erreicht:
Closed trade at the 222 price level. Searching for a breakthrough to the upside or a continuation to the downside. Waiting for an opening when previous support/resistance is tested. This can easily form a head and shoulder.