Nice Reactionary Reversal trade! You waited for 58.91 to wick out, waited for buyers to come in and had a nice level to play against. This is what an intraday reversal play is supposed to look like.
Long on the higher lows risking the lows
Strong accelerated down move, wick out, buyers step in, strong green candle, small pullback with higher low... then explode to upside.
-- Note for below-- See next trade. you DID re get long on that pullback to .15s. Nice work!
One thing you can do better is selling half at prior resistance then re adding back momentum lots when .3s clear for the .5s retest. You could have captured a little bit larger part of the move here.
Remember each time resistance gets retested, the supply is less and less each time, making higher odds of a breakout each time it's tested. Once the sellers are taken out, it's show time
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-04-07 15:08:12 | INTC | buy | $59.100 | long |
2020-04-07 15:08:12 | INTC | buy | $59.100 | long |
2020-04-07 15:08:23 | INTC | buy | $59.150 | long |
2020-04-07 15:08:31 | INTC | buy | $59.150 | long |
2020-04-07 15:10:13 | INTC | sell | $59.330 | long |
2020-04-07 15:10:13 | INTC | sell | $59.330 | long |
2020-04-07 15:10:13 | INTC | sell | $59.340 | 0 |
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