Shared by
realdealneal
Rather organized pennant pattern reaching apex almost right at noon. Two points created the lower line of the pennant, and when third hit of the lower trendline provided support, the stock ran from there.
Risk was just below the trendline, which happened to also be the 21ema on 5m candle.
Needed to have been bigger risk here. 4.25R trade, but was my smallest risk of the day.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-07-21 11:55:06 | LI | buy | $33.320 | long |
| 2021-07-21 12:02:59 | LI | sell | $33.530 | long |
| 2021-07-21 12:08:09 | LI | sell | $33.720 | long |
| 2021-07-21 12:08:17 | LI | sell | $33.730 | long |
| 2021-07-21 12:33:40 | LI | sell | $33.910 | long |
| 2021-07-21 12:48:23 | LI | sell | $33.880 | 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!