Options Wonderland

[loanwolf]

Agree on the volume on H&S top but never really seems to come into play consistently

My previous ADM chart prolly shows more of a double top and in retrospect already reached it's downside target.

In other matters, I don't think I've successfully traded or predicted a chart pattern in a long time.
It always looks pretty from a hindsight approach........

I was/am documenting the pattern/trade to see if it actually plays out.
There's still hope and with a .15 per contract cost basis with maximum 1.85 gain is a fairly inexpensive risk/reward play

<edit> Intersting one of the examples in stockcharts chart school is ADM from 1999, but the volume expansion on neckline break shows only a one day event

Thanks again for your commentary and insight