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Shared by
spyrosz

 

ORCL

Sep 15, 2021 13:50


Had ER #s the day before. Missed on revs and gapped down, creating some serious 1+ month bag-holding action above R1=$88.5. Had put an alert at R1=$88.5 in case they drive it up there in order to unwind/trim exposure.

Alert hit when it crossed $88.3 the 1st time. I remained patient and sat tight waiting for the "Technical Reversal" pattern to unfold.

ORCL rejected $88.3s for the 2nd time, got short filler size, risking tight stop above R1=$88.5, wanting to add after further confirmation.
- 30/60min reversal/doji candles were put
- EMAs@1min chart crossed each other

added Tier 0, risking same stop, expecting the sell-off back to VWAP.

Covered small in-front of ascend. 9EMA@15min, got flat right at target.

(+) E-X-C-E-L-L-E-N-T!!


Execution detail:

Date/time Symbol Side Price Position
2021-09-15 13:50:14 ORCL sell $88.220 short
2021-09-15 14:01:01 ORCL sell $88.215 short
2021-09-15 14:30:40 ORCL buy $87.890 short
2021-09-15 14:53:01 ORCL buy $87.640 short
2021-09-15 14:54:07 ORCL buy $87.690 0


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