AAPL and nasdaq both showed strong reversal signs as both followed each other very similarly in the morning. A huge bearish engulfing formed at resistance for both. Apple formed a semi double top leaving short/long upper wicks at resistance level followed by bearish engulfing while nasdaq was holding at high but leaving wicks above then bearish engulfing formed. Stochastics crossing on both after close of candle. Apple closed very slightly below critical level. Then began to tick up but right back down leaving long upper wick above critical level then my entry is in as price begins to tick back lower down to the close of previous. Entry around 108.30'S. Now we are below critical level with bearish engulfing that formed at resistance that was tested twice and left wicks with the Stochastics crossing. We continue to fall and exit at 107.80's as we approach critical level and where priced bounced after exit. A+ SET UP KEEPING ODDS IN FAVOR
TRADE IDEA A+
EXECUTION A
MANAGEMENT A
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-09-24 10:26:45 | 25 SEP 20 107.5 PUT | buy | $1.330 | long |
2020-09-24 10:30:34 | 25 SEP 20 107.5 PUT | sell | $1.480 | 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!