Shared by
Mance_Trader
Conclusion: Watch for these signs of weakness: Inverted Hammers, Long Red Candles, & Topping Tails.
Conclusion: Trade the best, Leave the rest
A Bull Flag was showing just before the open. The volume dropped for the pullback, but the final green 1m candle in the buildup was an inverted hammer, and the pullback was a single long red candle.
The final 5m candle in PM was a green topping tail.
Signs of weakness:
- Inverted Hammer at the Top of the Buildup
- Long Red Candle for the Final PM Pullback
- Topping Tail in the Final 5 min PM Candle
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-07-13 09:31:00 | NETE | buy | $18.760 | long |
| 2020-07-13 09:31:00 | NETE | buy | $18.760 | long |
| 2020-07-13 09:32:35 | NETE | sell | $17.010 | 0 |
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