Shared by
spyrosz
Always on main watch for signs of topping out. What a run.
Traded properly on the Top-day (daily reversal "shooting star" candle was put) so now it was all about that 9SMA@daily=R1=$372. Rejection there, then closest support at 20SMA@daily=$360.
Opened below the m.average, popped to R1=9SMA@daily=$372, got rejected, came to LOD=$366 and put a 30-min flat-line consolidation so as 9EMA at longer timeframes play a bit of catch up. Very weak action, and after the pop + brutal rejection below VWAP, it was evident seller was in complete control.
Got short Tier 0 as it was breaking thru LOD=$366, risking failed pop to VWAP $367, expecting the move to S1=20SMA@daily=$360.
Covered in-front of $361 to play it safe as it is one of the strongest names out there.
(-) I should have left a trailer on, trailing the 9EMA@5/15min chart. It never actually managed to get a close above those EMAs.
Man did I leave another $7/share on the table here.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-03-23 11:33:21 | DE | sell | $365.220 | short |
| 2021-03-23 11:33:21 | DE | sell | $365.220 | short |
| 2021-03-23 12:08:33 | DE | buy | $362.280 | short |
| 2021-03-23 12:24:17 | DE | buy | $363.050 | 0 |
Leave a comment about this trade!
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!