Weak daily chart, looking ready to break the base/consolidation in-front of S1=$43.5 and move lower. Daily window/gap-fill at $43-43.5. If momentum pick up, it could see $42s..
Opened below S1/R1=$43.5, rejected the lvl at the open and moved lower.
Got short Tier 0, risking above S1/R1 $44.05, expecting the sell-off to S2=$43.5, an initial bounce higher and a Desc. Triangle pattern before the next leg lower towards S3=gap-fill=$43.
Didn't like my fills at all, so I got out quickly, only to re-enter at better prices closer to stop.
Covered 75% in-front of S2=$43.5, held rest with original stop.
Funny thing how I was stopped out right at the peak ($44!!) before the sell-off to S3.
Can't win them all!!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-07-07 09:33:13 | XOM | sell | $43.752 | short |
2020-07-07 09:37:42 | XOM | sell | $43.670 | short |
2020-07-07 09:42:12 | XOM | buy | $43.860 | short |
2020-07-07 09:42:12 | XOM | buy | $43.860 | short |
2020-07-07 09:42:27 | XOM | sell | $43.852 | short |
2020-07-07 10:45:07 | XOM | buy | $43.560 | short |
2020-07-07 13:57:00 | XOM | buy | $44.000 | short |
2020-07-07 13:57:00 | XOM | buy | $43.995 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!