Here is an inside bar, followed by a breakout bar through the bear trend line, however, there was a lack of follow-through due to the unfinished pattern, evolving into a triangle, with a breakout six bars after entry, to resume the bull trend.
In hindsight this was a triangle, the entry was early on the 2nd push instead of the 3rd push up on the BO of the triangle to resume the trend.
Original risk was one tick below the signal bar, risking .40 cents
For a potential target of yesterday's high for a .40 Profit target (1:1)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-04-22 11:51:38 | PYX | buy | $20.000 | long |
2019-04-22 13:33:08 | PYX | sell | $20.430 | 0 |
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