Push into R1=previous major daily support level=$55, thought it would be good for a fade back to opening print.
Played the "Technical Reversal on the 15min" chart nicely:
-- Got short filler size in-front of R1=$55, risking a bit wide stop $55.5s, waiting for the "Technical Reversal" pattern to form
-- 15min shooting star
-- Added Tier 0 as it failed to hold above R1, and EMAs@1min chart crossed each other
-- Tightened stop to HOD.
Never really rolled over as expected, so took the 1st partial stop once it remounted R1, all-out at new HOD.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-05-07 10:26:42 | SNAP | sell | $54.910 | short |
2021-05-07 10:47:53 | SNAP | sell | $54.840 | short |
2021-05-07 11:22:58 | SNAP | buy | $55.100 | short |
2021-05-07 11:55:56 | SNAP | buy | $55.290 | 0 |
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