Conclusion: Mind the Volume, if a red candle has massive volume at the top, expect a reversal.
Conclusion: When a Gap & Go rips up, then quickly pulls-back, without forming a clean Bull Flag, expect a reversal.
I was hoping for a Bull Flag, but there wasn't a clear one forming, I should've seen the reversal, and sold everything at the top.
The red topping tail on the 1 should've been my cue.
Volume was super high on the top red candle, that was a clear sign of a reversal.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-07-09 09:31:15 | CLSK | buy | $3.940 | long |
2020-07-09 09:31:16 | CLSK | buy | $3.940 | long |
2020-07-09 09:32:08 | CLSK | sell | $4.140 | long |
2020-07-09 09:33:16 | CLSK | sell | $3.940 | 0 |
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