Replies to post #35523 on Options Wonderland

[3xBuBu]

XHB Oct 2008 19.0000 put (VSJVS)

#MSG-32441645

[~6979~]

~XHB~ sorry I had to answer this one...

~XHB~ is projecting multiple extremely bullish formations...in fact,thanks,because you just found tommorows potential call for me...

(only if it breaks the 61.8%Fib)...

A golden cross also looks to be around the corner(50DMA crossing above 200DMA).
If it breaks the 61.8% fib then look for an 'H' touch within the ascending channel pattern...

I wanted to add a pitchfork too but the chart is already crowded,and Im too lazy to make two charts(sorry)...

I would open puts only if it has a downward breakout of the ascending channel pattern(bottom purple line)which,just eyeballing it looks to around 19.45...GL...

[~6979~]

Downward Breakout time...nice call...