i notice AMZN was making a ascending triangle.
volume was picking up
the triangle broke out
momentum was picking with market internals
continuation play here
spy qqq nq es futures and vix were all aligning
i didnt get in at the break of the triangle as i am aware of fakeouts.
i waited to see what the market would do and how it was reacting to support the move up.
my pt was 3525.
understanding that this hour is low volume hour
but 15 min chart showed volume picking up
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-11-12 11:18:15 | 12 NOV 21 3520 CALL | buy | $12.200 | long |
2021-11-12 11:19:08 | 12 NOV 21 3520 CALL | sell | $13.200 | 0 |
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