Shared by
adrobins
F had rallied inside a triangle/pennant pattern and I bought with a tight stop of the prior day's low. Was quick on the draw as resistance had not yet been broken. Ran intro a market distribution day right at the open and was stopped out for a max loss.
F quickly recovered to the support line of the pennant. Watching it for a rally above 12 on volume.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-02-22 15:36:53 | F | buy | $11.708 | long |
| 2021-02-23 09:42:57 | F | sell | $11.290 | 0 |
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