DAILY TECHNICAL ANALYSIS/4HR EN-EX-SL
Trend: Sideways spaghet, slight bullish
Trade Plan: looking for history repeat, $ grinds up crashes quickly, over past months.
ENTRY placed @ 22.7, on the lower-side of drop range of consolidation(?) EXIT @ 22.59 a minor past R-line STOP-LOSS @ 21.43 down in completely different trading range-ergo different chart present if $ reaches SL point.
Volume: acting as normal as past history, large dump(bear drop), followed by decreasing vol, yet to see if avg on grind back as previously.
Indicators:
STOCH- on the Daily is very indicative of this pattern, FAST is either touching/abv top line, clear bear cross drop as/prior to $ fall, clear bull cross as/prior to $ climb.
MACD- same signals as Stoch but slower, however gap is more key to $ movement than line crosses.
Execution detail:
Date/time | Symbol | Qty | Price | Position |
---|---|---|---|---|
2021-11-16 09:50:47 | PLTR | 3 | $22.700 | 3 |
2021-11-18 14:22:18 | PLTR | -1 | $21.430 | 2 |
2021-11-18 14:22:18 | PLTR | -2 | $21.430 | 0 |
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