High probability option trades are enhanced by the correct market trend analysis. High probability option trades can be seen in down trending stock positions that have the possibilities of reversing but the downtrend continued when they failed to get back up above the T line. Numerous bearish chart patterns, even though in the oversold condition, reveal the probabilities of continuing lower. These trend conditions allow option traders to move from buying puts to getting better profit probabilities by moving to put spreads. Fortunately, put spreads can be implemented very easily. Most brokerage firms provide easy trade execution of spreads with one click. Join us Saturday, April 23 for a full day training on the appropriate option strategies applied to the appropriate candlestick signals and patterns. Common sense provides much better risk reward factors when using the correct option trade strategy with a corresponding candlestick pattern.
https://www.stephenbigalow.com/ss-options-with-candlestick
Currently the market indexes have failed to close above the T line. The T line actually showed the resistance for the NASDAQ and the S&P 500 today. The Dow, after forming a bullish and golfing signal yesterday right at the 50 day moving average had good prospects of confirming a trend reversal but the late day selling closed the Dow back below the T line, making the prospects of further downside very strong.
