Aug 2019: FB $185-$195 Call Spread
Trade Selection Criteria
Overall market movement
The overall market had been under pressure for a week and was showing signs of recovery after being in oversold territory.
No Earnings or Significant News
Earnings are behind us and were announced on 7/24. There is no significant news or earnings event during our trade cycle.
Bollinger Bands outside Keltner Channels
Bollinger Bands are outside Keltner Channels. We are not in a squeeze or low volatility period.
RSI is showing clear signs of change in trend after being in oversold territory.
DI- is pointing downwards pointing to a lose in momentum of the previous downward trend. ADX is not showing any clear signs.
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