Day long consolidation. Broke down, not up. Why? Higher lows, Daily FTBO/flag.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-11 13:52:16 | PANW | buy | $78.410 | long |
2014-03-11 14:04:26 | PANW | sell | $78.350 | 0 |
http://screencast.com/t/ZEv1fTfLeJ ..major resistance/support here. There was noway to tell which way this one was going to go until it actually broke those levels.
Okay, thanks, just wondering if there was some indication. I should have put in both a buy (above) and a sell (below) instead of trying to anticipate. Lesson learned.
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Good exit. That 78.50ish area was a key level it needed to break through.