I entered an out of the money put trade. Not to make a ton but take advantage of a pullback. I have a 1:2 risk to reward ratio on this trade based on entry price. A chart of the symbol shows the entry and the support and resistance of the trade. I am expecting the price to move to 15 for my exit.
Here is the chart showing my exit on the trade being seen as a failure. Notice the resistance at about 16.30. I also have a time exit of 2 weeks for the trade.
