Had rallied from $40 back to R1=$55.5-R2=$56.5 which is a major previous break-down zone, with many "longs" trapped at higher prices. 1st retest of that resistance always fadeable.
Alert hit once it crossed $55. Managed to push to R1=$55.5, and I played the "Technical Reversal on the 15min"...but could have done a better job:
-- got short Tier 0, risking tight stop above R1 $55.75s, so as to quickly get out and re-evaluate closer to R2=$56.5, expecting move to VWAP at a minimum, ideally yesterday's close=$53.5.
-- 15min reversal candle = shooting star formed below R1=$55.5
-- EMAs@1min chart crossed each other, signalling shift in momo
==> should have added momo tier here, tightning stop to HOD
Got flat by hotkey mistake at the flush below VWAP, missed move to target. Not happy:/
Stays on watch.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-06-08 10:39:11 | DKNG | sell | $55.400 | short |
2021-06-08 11:09:18 | DKNG | buy | $54.330 | 0 |
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