I have started to notice that after a run up, there will be 3 layers of pull backs and then it bounces again. If you look at the 1 min or the 5 min, you can see the there are 3 pops up, and then it run up.
I probably sold a bit too soon, because I literally 1 minute after, it got up to my level that I was expecting. Either way I want to dabable in this pattern because I have seen it a bunch of times. I am going to call it a 3 wave reversal.
Looks like the the third dip there is large volume, and maybe that is the indicator that there is a reversal happening.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-03-30 12:27:57 | CAN | buy | $20.700 | long |
2021-03-30 12:52:01 | CAN | sell | $21.040 | 0 |
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