Setup: Not a setup.
Where are EMA's: @9ema under 20
EMA's-Direction&details: both are Down, 9 flattening
Time Frame Alignment?:BIIB is in an area of Resistance on the daily that has tapped the 350 area many times this year, but closed over it only 2x.
REJECTION of the 350 area as shown by the 9:40-9:50 5 min bars
Volume:ok
Market action-Spy-Sectors-stock: Failed red to green, Violent down move off $350 rejection
Stop: Target:
R/R: Size too big for stop
Are Stop/Target proper?:
Things I saw but ignored
It's RED, 9/20 ema's are DOWN, position size too big
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-04 10:30:28 | BIIB | buy | $343.590 | long |
2014-12-04 11:00:07 | BIIB | sell | $341.460 | 0 |
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