ZM Trade on Apr 2, 2020 12:15 from slowelim: Tradervue User Stock Trades.

Trend Analysis & Price Action:
We decided to short the primary down trend, with the breach of a low. We decided to short as soon as we verified a lower high and lower low on the hourly chart.
We traded the bearish price action accordingly.
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Multiple Time Frame Analysis:
On the multiple time frames you can see a head and shoulders pattern on the hourly chart that follows into a downwards breakout, into GAP DOWN.
We traded today on a GAP DOWN setup.
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Confluence Analysis (Not 100% necessary, but good to have!):
-hourly chart HEAD and SHOULDERS pattern
-Hourly trend line resistance
-Huge topping tail on the 15 minute chart.
-Head & Shoulders pattern on the 5 minute INTRA-DAY chart.
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Thought Process:
We took on this trade with the 2R AON trade approach and a stop-limit order entry. We shorted from the breach below a significant low level. We set our stop-loss at Limit price + 1R, and our target at -2R.
We didn't hit our target however we managed to scrape a clean profit today.
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Trade Score (out of 5):
Trade Grade: 5/5.