P/L -$50
Still base on S/R 4.0 in Daily chart, thinking this is the bounce...
Hammer candle and support at 3.97.
Long entry at the dip 4.01, Stop loss at 3.91.
Got Stopped.
I think should Sell flat when it make another dip to flag bottom 3.92.
Also entry was too fast, no confirmation yet.
Missed to see the whole picture that by the time of entry it is upside down cup and handle!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-16 10:04:40 | PLUG | buy | $4.010 | long |
2014-01-16 10:11:42 | PLUG | sell | $3.910 | 0 |
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not seeing a confirmed setup.