SPCE Trade on Jul 22, 2020 09:59 from mrideout: Tradervue User Stock Trades.

SPCE had been strong the past few days so I was looking to take this long. My entry was terrible and should have been a break above premarket levels at 24.88 approx. Instead, I entered way late at 25.37, which made this trade a chase. Following my entry, price created a doji-like candle and then made a 2 bar pullback with a shallow break of vwap, which didn't concern me as it still held above the 9 EMA on the 5 minute chart, which was just below VWAP. We then retested the previous high, created another 2 bar pull back, this time with a higher low. This pattern repeated, creating what looked like an ascending triangle. What concerned me was how the 9 EMA was beginning to round over, a sign of a reversal. The final test of the resistance level was a lower high, and I exited out as it pulled back from this level, creating a reversal back to the 200 ema.

Not a good trade.