Shared by
FrankDumaresq
I got long FB on the pullback of a strong momentum move. On my initial entry, I saw stacked bids on a critical level with 4 points of confluence(21 EMA, VWAP, Pre Market High & previous HOD).
$FB began trending higher,I took size off into resistance. As the stock consolidated higher, it became evident that it was forming some type of bullish wedge formation, I found a spot add size on the break and retest of R3 as the velocity of the tape increased. I decreased risk throughout the breakout of the formation.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-06-07 09:45:24 | FB | buy | $170.430 | long |
| 2019-06-07 09:45:24 | FB | buy | $170.430 | long |
| 2019-06-07 09:45:24 | FB | buy | $170.430 | long |
| 2019-06-07 09:45:24 | FB | buy | $170.430 | long |
| 2019-06-07 09:45:24 | FB | buy | $170.430 | long |
| 2019-06-07 09:46:04 | FB | buy | $170.820 | long |
| 2019-06-07 09:46:04 | FB | buy | $170.820 | long |
| 2019-06-07 09:46:04 | FB | buy | $170.820 | long |
| 2019-06-07 09:46:04 | FB | buy | $170.820 | long |
| 2019-06-07 09:46:04 | FB | buy | $170.820 | long |
| 2019-06-07 09:54:15 | FB | buy | $170.560 | long |
| 2019-06-07 10:00:52 | FB | sell | $171.330 | long |
| 2019-06-07 10:01:12 | FB | sell | $171.380 | long |
| 2019-06-07 10:13:03 | FB | sell | $171.600 | long |
| 2019-06-07 10:15:24 | FB | sell | $171.230 | long |
| 2019-06-07 10:15:24 | FB | sell | $171.230 | long |
| 2019-06-07 10:18:34 | FB | buy | $171.090 | long |
| 2019-06-07 10:30:27 | FB | sell | $171.970 | long |
| 2019-06-07 10:30:36 | FB | sell | $171.950 | long |
| 2019-06-07 10:32:59 | FB | sell | $172.300 | long |
| 2019-06-07 10:33:16 | FB | sell | $172.150 | long |
| 2019-06-07 10:35:55 | FB | sell | $172.310 | long |
| 2019-06-07 10:42:20 | FB | sell | $172.880 | 0 |
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