Shared by
oly_BOWS
In my notes I called this a short flat bottom breakdown but it didn't base long enough to be a "late day fade". It only based 30 minutes at best. Ideally I should see a midday low that is respected for at least an hour, then buy the break of that.
I did also note there was good volume on the break candle, which is true
stop: 31.24
stopped out
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-03-20 12:19:55 | MLHR | sell | $31.060 | short |
| 2014-03-20 12:23:30 | MLHR | buy | $31.240 | 0 |
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