Oct 12, 2021 12:38

DNN 10-12-21 Playbook

Name: 4h Upper Trendline 3 test breakout

Big Picture: Lets talk a little about sector rotation. I have a lot of questions about sector rotation but I understand that we are in early recovery and energy likes to run in early recovery. I also know that the price of Uranium is only going to go up with demand for greener energy under the Biden administration and URA has been in an uptrend for a while now, taking the same exhaustion consolidation.

Intraday Fundamentals:

ATR .13
Uranium Company
News based on new green deal that I was unaware of.

1.57 was a level. I bought in anticipation of that level being broken for a swing.
4h chart had a 3rd test of upper trend which is a great short or long opportunity depending on who takes control.

Execution detail:

Date/time Symbol Side Price Position
2021-10-12 12:38:09 15 OCT 21 1.5 CALL buy $0.1000 long
2021-10-13 10:36:56 15 OCT 21 1.5 CALL sell $0.1500 long
2021-10-13 11:17:07 15 OCT 21 1.5 CALL sell $0.1500 long

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