After the initial flush went long for the bottom reversal play once it pierced through the round number support (also the support level on the daily), buyers stepped in immediately (tail bottom candle) but no go - flushed some more and then reversed as expected.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-07-14 10:40:00 | UGAZ | buy | $18.040 | long |
2014-07-14 10:47:00 | UGAZ | sell | $17.890 | 0 |
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