ADBE Trade on Nov 23, 2020 13:18 from spyrosz: Tradervue User Stock Trades.

Almost two weeks of range trading/sideways action on daily between two very well-defined levels, S1=bottom of range=$459, R1=top of range=$470. Below all momentum MAs (9/20SMA@daily+weekly charts). Below S1, next support on daily S2=$446.

Opened weak, flushed to S1, tried to hold the level but sellers pushed lower.
Alert hit when it tested S1=$459 the first time and I put it on watch.

Waited patiently for the retracement to S1=$459 and VWAP,

got short filler size when it showed some trouble pushing against VWAP, risking above the m.average and the morning resistance pivot $461.5s. Added more after the 2nd rejection at VWAP and the break of the asc. support line from LOD. Once it looked ready to roll-over and break back below S1, added two momo tiers, expecting the retest of LOD=$456.

Hesitated to move lower, and once I saw the squeeze to VWAP decided to bail quickly even though stop was not triggered. Easier trades out there. No need to press.

Papercut.