Echo Trade Entry – TLT
TLT has setup a nice echo of a prior pullback and I am expecting a move higher to $150.50 target 1 or $152.25 target 2, with potential for much higher targets. Support zone as marked down to $142.50 area. I waited until we were above the 61.8% resistance for the entry.
**We may see a pullback before the run to the targets, just be ready for it if it happens.**
Buy $148 – Sept 17, 2021 Calls or shares
$3.80 (plus or minus $0.15)
Target 1 $150.50
Target 2 $152.25
You are welcome to use different strikes, expirations, or even directly use stock.
If this is your first echo trade I strongly suggest watching the masterclass for proper trade sizing in your account BEFORE taking the trade.
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