Took this as a pullback after breakout of a rounded bottom pattern. Continued to get sold down past VWAP and support levels I had in mind.
Later noticed pullback's downtrend line had not yet been broken.
It was a good setup but should have had trendline confirmation before entry.
May not have been strong enough spike to play as a pullback trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-11-21 11:39:04 | XOM | buy | $81.030 | long |
2017-11-21 11:52:45 | XOM | sell | $80.970 | long |
2017-11-21 11:52:46 | XOM | sell | $80.970 | long |
2017-11-21 11:52:46 | XOM | sell | $80.970 | 0 |
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