The Volume Profile and the Trendline have served well in this upmove.
Had to relabel the subwaves of the third wave of this upmove-
The Option Analysis shows some interesting observations apart from the expected ones of covering of 5600 and 5700 calls and addition of 5700 puts.
Guess where the game has shifted ?? Which are the call and put strikes adding max. percentage wise open interest (not quantity wise)??
The max. % Call addition is at 5900 strike and that of Put is at 5800 strike !!!!!!!.
No good fighting the Trend.Ride the waves untill resolves in opposite direction