One of the B/O trades I have been stalking is in $TSN and during my recent chart review I noticed several distinct views worth noting that show how your perspective can change, or be confirmed, based on where you draw the Trend Lines.
To illustrate this, I have 3 different charts below to help show how perspective can be confirmed:
I like to have only high probability trades, as I am sure you all do, and these 2 different chart views helped to solidify my Bullish thesis. Just a little extra work to create a few different charts can help a trader confirm their bias, or cause them to pause when they don’t agree.
I hope you are enjoying January Options expiration week, have fun today and tomorrow.