WFC Long, sideways bottom

Identify Price action:
1. Sideways; Find: Support and Resistance
2. Sudden Reversal; Find demand and supply Zone.

Entry 24
Stop 22
Target 26; reward:risk=1:1
Target 30; reward:risk=3:1
Target 33; reward:risk=4:1

Current price is at bottom of sideway range.
Estimate: not going down below demand.
Strategy: Sell Put

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If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.

Handel aktiv:

Option trade: SelltoOpen Jan P22.5/17.5, limit 1.26;
No Stop; Willing to be assigned.
Unless SPY into daily downtrend.

Kommentera:

Correction:
This position should be stopped under 22. about 0.7 stop loss.

Trade stängt manuellt:

closed buy limit 0.85, a small winner