Today was a bearish retest gap and this drove up in the morning and touched the previous day low nicely and rejected and made a hammer on the 2 minute candle. I had set my entry at about $682 and was hoping the bounce would reach the 40% mark.
Stop loss was at $688 which looks like never would have hit.
I had also marked the $680 level as yesterdays point of control and we rejected that level really nicely. As I saw this I took a small short because I have not tested this.
I have been burnt by shorting near the low of the day so I covered because I did not want to get stuck in a bounce. There was also a surge of buying which scared me, but in hindsight on the 3 minute chart, we have very low volume green candles which should of indicated no buying.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-06-30 09:52:08 | TSLA | sell | $676.140 | short |
2022-06-30 09:56:37 | TSLA | buy | $672.960 | 0 |
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