Grade=D
The supposed setup: bear flag (but not really)
Was it really?: Obviously not with hindsight
Did it actually look like a bear flag at the time?: I'm not sure. Probably not because the stock is at support from the previous day and on a bull run. Continuation may have been more likely. (w/o the hindsight that is).
Furthermore, I can now see a rejection spike on the 5m chart which should have tipped me off that this was not a bear flag.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-30 10:06:30 | OSK | sell | $53.800 | short |
2015-04-30 10:06:30 | OSK | sell | $53.800 | short |
2015-04-30 10:13:03 | OSK | buy | $54.030 | short |
2015-04-30 10:13:03 | OSK | buy | $54.040 | 0 |
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