I considered this setup a bull flag on the 1 min chart but it was far from that. The big red candle should've ruined the whole setup. Then it just went sideways, and this actually looked like a bear flag. The 5 min had a huge wick that made this setup really ugly. We were running into resistance on the daily, I don't know how I didn't see that. Everything with this setup was wrong.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-04-03 09:36:04 | KITE | buy | $83.920 | long |
2017-04-03 09:36:34 | KITE | buy | $83.940 | long |
2017-04-03 09:41:24 | KITE | sell | $83.430 | 0 |
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