Playbook:
Bullish Reversal Pattern in a Demand Zone
Spy broke trend about 3 weeks and has cruised right through this previous demand zone but it slow crept back into the area and made an attempt to break the upper trendline but couldnt and fell back to demand. The next few days spy traded in a tight range in the demand zone until it was oversold out of the range and that is when buyers took control and formed the pattern in the demand range headed toward the top. This marks a higher high and higher low pattern also. I actually sold this too soon but I had to take those awesome profits because this was a great set up and I should absolutely load the boat next time I see this.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-10-13 15:02:24 | 20 OCT 21 439 CALL | buy | $1.460 | long |
2021-10-14 09:31:22 | 20 OCT 21 439 CALL | sell | $3.170 | 0 |
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!