Technically it busted out Friday and as of now we're in day two of the breakout on the daily. However, CMG is in the weekly squeeze also and it hasn't yet broken out in that period. So far we've seen a fifty dollar move from the bottom around 633.00 to this morning. The Mar 645 Calls are at 63.20 from 45.60 entry. Closed the puts for green on the rebound off the low after this trade began. Creating my own voodoo lines on a daily & 30 min period chart keeps me in the trade as we push up into higher lines and get rejected, supported by lower lines, and bouncing back north through the prior R into the next R areas.
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