$GLD may be setting up for an amazing short opportunity heading into Friday. Let's start with the regular wave 1 daily attached. We have followed a perfect ascending trendline on the fractal and are entering resistance from 387.08-389.18 (we have already tapped into this today). Next the Thursday Splice wave 1 daily graph, we are going to form an H1, and we see that 389.44 is the top of major resistance. Then looking to our wave 7 60-minute graph we see the same price action that has formed the wave 1 daily trendline has formed one here as well. You can also see that we are above our 5% probable band with our max of 400 days loaded, and resistance from 388.35-389.21. So, putting this together, we see that a move short can begin to take place from the 387.08-389.44 resistance. This can be a rapid short move that if seen by Friday will really move the contracts. It can possibly take into early next week, but I would anticipate seeing this play out by Friday. I would look at both the November 14 exp P376 and the November 17 P373
BREAD’S SIMPLE BAKERY 🍞
Large-Cap Breakouts – Expiration 8/15
Bullish Setups 🌤️
$META 780C 8/15 Over 773.00
$NFLX 1225C 8/15 Over 1216.00
$NVDA 183C 8/15 Over 182.00
$TSLA 340C 8/15 Over 337.50
$AMZN 235C 8/15 Over 234.00
$AAPL 230C 8/15 Over 229.00
$MSFT 525C 8/15 Over 524.50
$GOOGL 203C 8/15 Over 202.00
$COIN 325C 8/15 Over 321.00
$AVGO 310C 8/15 Over 306.50
$AMD 172.5C 8/15 Over 171.00
$HOOD 118C 8/15 Over 117.00
$HIMS 54C 8/15 Over 53.00
$PLTR 187.5C 8/15 Over 186.50
Bearish Setups 🌧️
$META 765P 8/15 Under 769.00
$NFLX 1200P 8/15 Under 1210.00
$NVDA 180P 8/15 Under 180.50
$TSLA 333P 8/15 Under 335.00
$AMZN 230P 8/15 Under 231.50
$AAPL 226P 8/15 Under 227.00
$MSFT 520P 8/15 Under 522.00
$GOOGL 199P 8/15 Under 200.00
$COIN 315P 8/15 Under 318.00
$AVGO 300P 8/15 Under 304.00
$AMD 167.5P 8/15 Under 169.00
$HOOD 114P 8/15 Under 115.50
$HIMS 50P 8/15 Under 51.00
$PLTR 183P 8/15 Under 185.00
❤️ & repost to support the bakery
🥖 Warning Notice — All trades shared are for educational purposes only. This is not financial advice. Markets can burn your bread/money — manage risk & do your own due diligence.