Shared by
ricky_trades
05/12/22
todays market was still bearish
going on what would be day 7 red
no buyers in markets
market is uncertain right now
buyers are trying to bring market up
trade#1
10:00 am:
i got in my tsla trade because
i saw we kept rejecting the highs
i waited patiently because i saw the 15 mins candle was closing bearish
looking at things now we did a V shape recovery in the first 30 mins of market
10:15 am:
we formed an ascending triangle
looks like we are having a relief bounce
alot of red past few days
buying is looking very weak
volume not supporting
buyers are in - slower pace volume nice little run up
about 40-50 pts in general
creating higher highs and higher lows
have a bullish channel in formation
1035am
currently trying to break the trend line on bullish channel on tsla
1040 am
at the moment inverse h is trying to form
i think we can break past the 725 area and head to vwap at 711
inverse H working out well volume a bit low
good entry would have been the start of the 15 min candle
and on 5 min holding the 9 ema Inverse H pattern and uptrend working out
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-05-12 10:00:39 | 13 MAY 22 600 PUT | buy | $2.690 | long |
| 2022-05-12 10:02:27 | 13 MAY 22 600 PUT | sell | $3.200 | 0 |
Leave a comment about this trade!
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!