PLAY
double bottom test of support zone
SETUP QUALITY AND BIG PICTURE
very good daily time frame buysetup above 50ma and and lvl 1 gap.
EXECUTIONS AND PRICE ACTION
held 37 dollar area and 2 bottoming tails at market open made me want to get in aggressively. Took the trade early but really liked the gap and was most likely going to rip if it indeed was strong.
Key Takeaways
very good gap
aggressive entry but validated it because of higher time frame.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-12-08 09:32:31 | FCX | buy | $37.160 | long |
2023-12-08 09:44:06 | FCX | sell | $37.820 | 0 |
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