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Derek Frazier shares and explains his ideas and process of decision making behind cyclitecnical trading. Please like and comment.
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The boost yesterday was thought to be at least a 40 day cycle trough that had serious buyers at the weekly lows come in and protect.
Yesterday was a great day to add a spread against 250 puts on $TSLA
Tesla first dip test complete
EDIT 1055 CST Thursday 31 aug: the 20 day trough from the weekly lows on TESLA is due next week. Who knows what it does until the peak of the 40 day cycle, due in September, but I think it makes sense to give it room for options expiration