3 year chart of bsc it will be back to 120.00 area before the options expire, even if they rip it down to 98.00 and make a hammer candle they will not let those puts be worth anything
Rather than the usual parade of anecdotal mis-information, serious market students interested in geometric structures in financial markets might consider the rich literature available on trendlines and their subsets.
Here's a sampler:
1. "Methods of a Wall Street Master" by
Victor Sperandeo a/k/a Trader Vic