These types of bear flags/ intraday flag breakdowns are my favorite type of setup. But you need to get in them near resistance (EMA's) to minimize your risk. I went short on this one too low because I thought it would start going right away. Another mis-timed trade, but if I waited and looked at it some more perhaps I would have remounted.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-04-19 10:36:30 | NFLX | sell | $97.010 | short |
2016-04-19 10:43:40 | NFLX | buy | $97.520 | 0 |
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