Shared by
sk6345
stock bear flagging making it's third tap on support on the daily. Sold into it once I saw stock just broke past support, 9 ema had crossed below the vwap and was curling down on top of price. Bought into bear flag once I saw pullback and a red candle holding. Afterwards, price pulled back and I was stopped out. My mistake was in my assessment of the 30 minute chart. Price broke down below support, but it was far too extended (moved down $1.50 into the breakdown) I should have expected the pullback that came for this reason.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-12-19 10:23:00 | WUBA | sell | $30.120 | short |
| 2016-12-19 10:34:00 | WUBA | buy | $30.370 | 0 |
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