I recently developed a new strategy that utilizes three technical indicators: BOLL , MACD, and RSI.
As shown in the chart, a bullish signal appeared at 11:00 a.m. The MACD line crossed above the zero line and formed a golden cross at the bottom—a strong buy signal. I purchased 10 contracts of the 675C option at $1.07 at 11:04 a.m.
[5-minute chart, look at the 11 o'clock position](https://preview.redd.it/ou70glqwz6ug1.png?width=884&format=png&auto=webp&s=38462316f5b6300280e62cd7209c71e79f37bc43)
At 12:00, the RSI reached the 80 level, which is a strong sign of a top. This is a one-minute chart, and with profits already at over 300%, there’s no need to hold on any longer—take profits.
[For one-minute indicators, check the RSI and the MACD's top signals](https://preview.redd.it/8cd760rt07ug1.png?width=538&format=png&auto=webp&s=7938d2c9e91776492a73a9812c77ac77ca6a514a)
I closed the position at 12:03, netting a profit of $3,820... a 357% return.
This once again confirms that my strategy is viable, but I must wait for the right opportunity to arise. I cannot blindly guess the market direction based on gut feelings; everything can be traced back to the charts.
https://preview.redd.it/u1ydvsud17ug1.png?width=3000&format=png&auto=webp&s=f61fcba1d72507b2332ae920923b47e221feb8c7