This was a GAP trade. It gapped down under an hourly pivot, confirming the hourly downtrend. The stock acted bullish from the open, so I kept it on the list to see how much of the gap it would fill... it was less than 50%, so now I look for an intraday opportunity to short. I missed the double top after it retested the 30-minute high, but noticed it forming a small base running into the 5-min d20ma, which is exactly where I like to enter breakdown plays. As you can see, taking the earlier double top entry would have made a nice profit... Check out the chart to see what happened next ---->
No comments:
Post a Comment