$LCID gapped up last two candles on catalyst - long call from yday for +1R and shorted (bought 0 dte 23puts) for +3R.
- bought oct calls yday at last minute after looking intraday price action with profit target at 23.42 and sold today for +1.28R
- bought 0DTE 23 puts - 5mins chart @9:25am - price hit 23.51 high but fail to close above 23.42 on 5 mins candle forming one black soldier + double top
23.42 is key resistance - on 8/16 daily chart, price gapped down aka falling window.
i'm unbiased and possibly take position at last 15 minutes before close -
if close and/or price action is above 23.42 - LONG ..go 520miles w/ stop loss high of yday
if close and/or price action is below 23.42 - SHORT w/ stop loss high of today
- bought oct calls yday at last minute after looking intraday price action with profit target at 23.42 and sold today for +1.28R
- bought 0DTE 23 puts - 5mins chart @9:25am - price hit 23.51 high but fail to close above 23.42 on 5 mins candle forming one black soldier + double top
23.42 is key resistance - on 8/16 daily chart, price gapped down aka falling window.
i'm unbiased and possibly take position at last 15 minutes before close -
if close and/or price action is above 23.42 - LONG ..go 520miles w/ stop loss high of yday
if close and/or price action is below 23.42 - SHORT w/ stop loss high of today
