Alert got triggered as it blasted thru R1=major daily resistance level/inflection point=$35.6 which opens door to higher prices after a 2-2.5 month long consolidation in a tight range.
Beautiful 2-hr "Price Discovery" pattern at higher timeframes (15-30-60min charts), it looked poised to explode higher.
Got long Tier 0 just in time as it was breaking out, risking tight stop the low of the consolidation $36.5, expecting the move to R2=$38, maybe R3=$39.5. Strong close above R2=$38 and I would swing it.
Sold small in-front of HOD=$37.5, and decided to raise stop to $37.18 as we were approaching the close....for a bottom-tick stop-out. Major fail..
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-02-12 14:02:52 | LAZR | buy | $36.990 | long |
2021-02-12 14:18:52 | LAZR | sell | $37.460 | long |
2021-02-12 15:19:02 | LAZR | sell | $37.180 | 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!
Great use of trendlines. Great entry.👍