If the price breaks down below the minor support level, around the $243.00 price level, I will likely enter into a short position. To do this, I will buy puts. I will take profit regularly as the price is falling. I will consider whether or not to exit the trade once the price reaches the next monor support level, near the 233.50 price point. If the downward momentum persists, then I would consider holding longer. If the price action finds resistance near this support level, then I will likely exit the investment.
Silverbat : Cautious of bear traders waiting at inflection points!
MonkeyGee : This is a really a quality TA. I know it must have took so much effort. so I could take 2 seconds to say thank you.![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
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情网 : Pay attention to inflection points and control risks
小辣椒 情网 : Do a good job of take-profit and stop-loss now
SpyderCall OP MonkeyGee : You are welcome. It wasn't too difficult. The hardest part was translating it from my brain to paper and making it understandable.