Daily Setup: Base breakdown, $59 level
Intraday: Pullback to resistance
Breaking the recent base around 58-59, bearish setup. It gapped below my entry but pulled back to yesterday's close so I started to build in there and added once it wasn't able to break the $59 level. I got stopped out once it broke highs and reentered once it ticked above 59 and failed temporarily creating a shooting start type candle, that did not close as one. Stopped out on both.
Entry: $59 area
Stop: HOD
Target: 1:1, partial out lower, $55
Areas to improve: Need to recognize market in disagreement with my daily thesis and current setup list and work on pivoting mindset.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-03-02 09:34:00 | DOCU | sell | $58.790 | short |
2023-03-02 09:36:00 | DOCU | sell | $58.830 | short |
2023-03-02 09:39:00 | DOCU | sell | $58.940 | short |
2023-03-02 09:41:00 | DOCU | buy | $59.020 | 0 |
2023-03-02 09:43:00 | DOCU | sell | $58.730 | short |
2023-03-02 09:45:00 | DOCU | sell | $59.110 | short |
2023-03-02 09:47:00 | DOCU | buy | $59.180 | 0 |
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