$HOOD has Bottomed Out Using My Favorite Technical Pattern

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Why is it that broken lines of resistance being used as new support (works vice-versa as well)? Because it works virtually every time! ๐Ÿ˜๐Ÿ†๐Ÿ’ฏ

We had sizable 3/21 HOOD puts in the WAVE$ Portfolio for the past week, and early this morning we locked-in a 4X profit. ๐Ÿ™๐Ÿผ๐Ÿ”’๐Ÿ’ธ

We then used those put-profits to shark up some more UBER and RIOT call options, and establish a NEW call options position on $HOOD. ๐Ÿ“ˆ๐Ÿ“ˆ๐Ÿ“ˆ๐Ÿฆˆ

I think that HOOD has bottomed out following that re-test of broken resistance (yellow trend line), and although it may take a bit to see new highs, I think that we'll be seeing mostly upside from here. โš“๏ธโœ”๏ธ

-Royce ๐Ÿค™๐Ÿผ

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