Z F gap down continuation
I had identified 96.70 - 97.00 as key area (overnight support).
Once we got below on opening drive, I was looking to fade this area.
Felt very impulsive and entered WAY early at 96.15. It unfolded in a textbook manner as it failed at 97.00. Because of my poor entry, I had no psychological capital to hold on for the bigger move and took a loss.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-07-17 10:05:41 | SNDK | sell | $96.150 | short |
2014-07-17 10:14:13 | SNDK | buy | $96.370 | 0 |
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