Shared by
spyrosz
In-front of important long-term support level=previous major breakout pivot=$2030s. Already tested it once and held.
Add to that market is 7 consecutive weeks down, AVWAP from Covid lows trying to stay relevant in SPY & DIA, and is clear to me that I have to be looking for the good "long" r/r trades here. Not the place nor time to initiate or pressing shorts.
-- Got long Tier 0 after flush to $2030s got bought instantly, risking 0.5xATR below the level $1900s
-- Expecting buyers to show up and defend the level. Willing to add at any quick flushes back to $2030s support pivot.
-- Main target 9SMA@weekly
06-01-2022
This thing worked out instantly w/o giving 2nd chances to participate to anyone that hesitated to buy $2050s.
Explosive move towards target, after 5 days higher and almost there, I gt flat.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-05-24 12:55:09 | AMZN | buy | $2062.710 | long |
| 2022-06-01 11:00:02 | AMZN | sell | $2450.012 | 0 |
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