I thought this was a bear flag when it popped above the ma(20) and failed. It was also still below the ma(50). Originally I had my stop at 15.15 but I realized that VWAP was just above that level so I moved it to 15.22
This was a poor trade as there was no real momentum after the opening flush and really didn't have a good R:R
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-09-28 12:36:00 | ITCI | sell | $15.020 | short |
2017-09-28 12:48:00 | ITCI | buy | $15.220 | 0 |
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