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.
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