Nice little pullback that kinda worked out. It was a winning trade, but it didn't drop as far as I would have liked it. The market was turning around because it was bouncing on support and amazon seemed to be following it.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-05-05 14:20:25 | AMZN | sell | $661.070 | short |
2016-05-05 14:20:29 | AMZN | sell | $661.080 | short |
2016-05-05 14:22:25 | AMZN | buy | $661.300 | short |
2016-05-05 15:13:05 | AMZN | buy | $658.800 | short |
2016-05-05 15:14:15 | AMZN | buy | $659.280 | 0 |
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That was a good little move ......look at the move around 10:00 breaking previous day support around $670. and building the bear flag.....whew that was a great short as well.....imo you got out perfect time as there is pretty good support from double bottom on May 2and major support 2 months in that area back in Dec. / Nov. which most likely cause congestion as we can see it did....great exit.