Entered on High 3 (wedge pattern - failure)
Booked partial profits at 1R
Booked remaining position at yesterday's high.
Better trade is entering on stop one tick above strong bull reversal bar and adding above each successive bull trend bar with appropriate share size based on stop at the bottom of the reversal.
Holding position until higher low was put in, then adding on the High 1.
Booking partial profits at the high of the day. Then adding on the High 2 and booking next partial profits at yesterday's high.
Next add would be one tick above the inside bar after the pullback and taking partial profits at the high of day.
The reversal was a sell climax which generally leads to at least a two-leg correction, move stop up to new higher low after the two-leg correction and hold until high of day.
Flat into close and ready for the last play, which was a breakout of the channel with an ii pattern as the signal. As this was a strong bull trend day after the reversal in open.
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