We’ve got rally targets in play as high as 819.00, implying that our trading bias should be bullish at the moment. Let me suggest a ‘counterintuitive’ entry on 200 shares, leveraging the pattern shown. (Note: I am using 24-hour bars to create this set-up, and so should you.) To increase the odds of success, you should initiate the trade only if the still-unformed point ‘C’ low occurs somewhere between 758.44 and 759.48 (the low as of the time this tout was prepared was 760.05, so a little more weakness is needed to set up the trade). If the order fills, cash out half the position and implement a break-even stop-loss for the round lot that would remain. I’ve sketched a hypothetical entry for your further guidance (see inset). You can substitute out-of-the-money calls expiring next Friday for stock, but try not to pay up.
