Not ready yet. The large red candles that formed as price reached that area was a sign that selling pressure was still strong at that level. Green candles need to be larger than the red candles; this would indicate that buying pressure is stronger than the selling pressure. This would not guarantee a winning trade but would increase my odds.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-08-15 11:06:04 | ACHN | buy | $9.300 | long |
2014-08-15 11:11:50 | ACHN | buy | $9.310 | long |
2014-08-15 11:24:49 | ACHN | sell | $9.240 | long |
2014-08-15 11:24:51 | ACHN | sell | $9.240 | 0 |
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