Shared by
sk6345
rubberband snapback on the daily. Entered into an intraday bear flag after price pulled back, the 9 ema was curling down closely above the price, and a red candle held. From then on price continued to consolidate before it pulled back and I was stopped out. I think the issue here may have been that price gapped down at the open. Given my plan for a rubberband short on the daily, I should have looked for a green to red, m top, or an exhaustion gap intraday instead of a gap down.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-02-22 09:52:00 | AEHR | sell | $4.660 | short |
| 2017-02-22 10:45:00 | AEHR | buy | $4.810 | 0 |
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