Bear flag on what looked like a 1-2-3 short. Bounced back up and stopped me out. Looking at the chart now, if I had drawn a trend line across the two high peaks of the day it would have showed where the true resistance was as the candles bounced off that line perfectly before finally breaking down earlier.
R/R 2/1
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-26 12:36:29 | FB | sell | $58.090 | short |
2013-12-26 12:43:54 | FB | buy | $58.170 | 0 |
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