I was thinking this was a test of VWAP, then continue to go down. But it went too far above VWAP, then actually made a higher low. Covered when it made a higher high.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-01-10 10:30:38 | CLVS | sell | $49.460 | short |
2017-01-10 10:58:56 | CLVS | buy | $49.910 | 0 |
Ah yes, I remember, certain things work during different times of the day. So VWAP tests are more of a Mid-day event.
ill take this too u waitd for a spike just didnt work the daily is so strong and its also not extended yet so it was having trouble breaking down
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I've notice the VWAP does not really work well resistance until lunch and after. Its burned me plenty of times.