XLV Trade on Jun 22, 2022 13:35 from spyrosz: Tradervue User Stock Trades.

Would be a sin not to "short" a starter with such a chart....
12-month (1-yr) of distribution ranging between $125 to $140s, finally came to resolution with the break below the bottom boundary $125s.
AVWAP from Covid lows=$120s held, and $XLV bounced back for the 1st backtest of previous support=now resistance $125.

-- Got short filler, risking $128s, 1xATR=$3 above resistance level that also corresponds to descend. 9SMA@weekly chart
-- Want to see "trapped" longs and seller stepping down and becoming obvious, $XLV to start rejecting $125 to the penny, holding below..
-- Once price in which seller unloads is evident, will add full Tier 0
-- 1st target AVWAP from Covid Lows=$120s, main target=measured move=$110-112 area

06-28-2022
Stop triggered and I should have been out:/ That's that, end of story.
However, position was still smaller than Tier 0 (main tier) due to lack of conviction in the trade & recent risk-on sentiment, $XLV had ripped +10% in 5 consec. green days, so decided to wait it out until 1st red candle.

Got saved today in that trade.
-- Added full Tier 0 the moment it wicked thru VWAP but failed to hold and rolled over, risking $131s for entire trade
-- I want to see that thing losing $125 again, heading towards AVWAP from Covid lows=$120 asap, if this trade is to make any sense.
-- No more adds. If it fails to break below $125, I am getting the f@ck out of here.

07-06-2022
Never worked as planned, now looks ready to break higher.
Flat..