Watching oil prices and specifically Brent Futures, it seems that a double top is in the process of formation. This predicts a trend reversal and collapse in prices. It means that this is the moment to buy put options, not when I did it. Now I could buy them paying the half of what I paid for my options.
Is the reversal near? The encyclopedia says: While the double top formation may seem straightforward, technicians should take proper steps to avoid deceptive double tops. The peaks should be separated by about a month. If the peaks are too close, they could just represent normal resistance rather than a lasting change in the supply/demand picture. Ensure that the low between the peaks declines at least 10%. Declines less than 10% may not be indicative of a significant increase in selling pressure. After the decline, analyze the trough for clues on the strength of demand. If the trough drags on a bit and has trouble moving back up, demand could be drying up. When the security does advance, look for a contraction in volume as a further indication of weakening demand. The reversal seems to be approaching, but who knows?