Shared by
spyrosz
Rally right into confluence of resistance zone:
a) daily gap-fill=major previous support pivot=$375
b) 9SMA@weekly=50SMA@weekly=$375
c) significant volume profile at $375+, many trapped longs at higher prices who didn't get a chance to sell after ER sell-off.
-- Got short Tier 0, risking 1xATR above the level $385s
-- Would like to see obvious seller here holding it down, name keep getting rejected at $375. I will add another tier & tighten stop once seller becomes evident.
-- 1st target $353s at a minimun.
02-17-2022
Worked like a charm. Covered 50% below target $353s.
Will hold remaining size for a retest of low $330s.
02-24-2022
Bid to cover another 15% got hit in-front of $330 low.
Remaining 30% size at $320 target.
04-19-2022
Flat as it reclaimed two support pivots that had broken recently.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-02-09 10:22:24 | GS | sell | $374.139 | short |
| 2022-02-11 13:48:12 | GS | buy | $366.615 | short |
| 2022-02-17 10:08:20 | GS | buy | $351.730 | short |
| 2022-02-24 07:00:24 | GS | buy | $329.970 | short |
| 2022-04-06 17:07:53 | GS | buy | $316.700 | short |
| 2022-04-19 09:56:39 | GS | buy | $333.968 | 0 |
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