Went short for the break of support at 11.09. Added as it continued. Took profit a few cents lower when 11 failed to break and the price showed signs of reversing, which occurred, though creating only a lower high. This could have been a place to add. Price then moved back near 11.00 and pulled back, creating another lower high - a descending triangle pattern. Price finally broke down and approached 10.70, though I was long out of the trade before this happened.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-08-19 11:36:42 | SRNE | sell | $11.090 | short |
2020-08-19 11:39:13 | SRNE | sell | $11.055 | short |
2020-08-19 15:11:04 | SRNE | buy | $11.029 | 0 |
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