Priceline Rallying In Wave 3 With Low Implied Volatility. We're Trading It With Options....

Priceline spent quiet a long time in consolidation setting up the rally that began with today's gap higher. The gap was closed and we're now looking to buy this pullback into Elliott Wave and Fibonacci support using a long vertical option strategy.

Comments

1. WOW  THIS WAS A CLASSIC 'B' WAVE BULL TRAP NOT A 1ST IMPULSE LIKE WE ALL THOUGHT?.GLAD I didn't PUT ON TRADE LOL