Shared by
sk6345
m top pattern that gapped below the 20 sma with room to move before reaching the 50 sma. Intraday market is in a downtrend. sold into the stock during a quick pullback to the 9 ema once a green candle held. took a partial into the spike and exited completely during a pullback that followed. reentered after price pullback to the 20 ema, failed, and broke below the vwap. I held on because price was on the verge of making it's third tap on intraday support, and I assumed it would breakdown afterwards. once I didn't see this happening I exited.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-03-17 10:05:00 | EDIT | sell | $23.550 | short |
| 2017-03-17 10:30:00 | EDIT | buy | $23.140 | short |
| 2017-03-17 10:57:00 | EDIT | buy | $22.940 | 0 |
| 2017-03-17 11:17:00 | EDIT | sell | $23.100 | short |
| 2017-03-17 11:42:00 | EDIT | buy | $23.000 | 0 |
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