CCL Trade on Apr 1, 2020 14:45 from slowelim: Tradervue User Stock Trades.

Trend Analysis & Price Action:
We shorted a solid multi day downtrend with bearish price action.
2/2.
Multiple Time Frame Analysis:
As per the multiple time frame analysis, a head and shoulders pattern exists for the stock along with a downside retracement and gap down at open.
1/1.
Confluence Analysis (Not 100% necessary, but good to have!):
-Head and shoulders pattern on the daily
-15 minute breakout from $10.70
-mini trend line Channel.
1/1.
Thought Process:
We took on this trade with the 2R AON trade approach.
We decided that we should short this strong down trend from the breach of a low of the day and continue to ride this downtrend until we're stopped out. Calling a bottom is anticipation, while continuing to trade the direction of the primary trend is statistically probable.
1/1.
Trade Score (out of 5):
Trade Grade: 5/5.