VISL Trade on Feb 17, 2021 10:24 from VadimT7: Tradervue User Stock Trades.

Daily Chart:
- Consolidation Breakout Setup

First entry:
- Strong sell-off on 3-min chart with a big doji at the top on very high volume + big wide-range candle indicating further weakness = stock will go lower.
- Wicks at previous demand level (level of the entry) mean that there is selling at this levels and no demand.

Second Entry:
- Strong reversal counterattack candle on 5-min chart => doesn't look good for a long trade. So don't trade without confirmation on this one. Find a better stock.

• Slow consolidation and then break of previous swing low = further downside -> Need confirmation. 61.8 Fib doesn't seem to be able to hold because the stock is fading slowly => requires confirmation when it bounces on the 61.8 Fib.
  Confirmation is when the stock touches the 61.8 Fib, bounces on it, and makes a clearly visible higher low.

• If it bounces on the 61.8 Fib, goes up to the resistance (sell some here), rejects it, and comes back to my entry price, sell so as to not transform a winner into a loser.

• It trapped shorts for a second, but it did not last for long as the stock failed to break previous resistance. The majority of shorts' stops are above the consolidation.

Don't sell the whole size immediately even it's near the top as it could breakout.

Sell 2/3 at the top.

Winners big, losers small.