Not a setup. Flat Bottom Breakdown. Not a bad entry for a short, too bad I was long.
Geez as I go over my trades today, I realize how out of sync I was.
The only rational for this is maybe as a Pullback to a general support area of the past 4 days, but it is shaping up more like a Flat bottom Breakdown.
Stock is in a solid downtrend today-and a mess on the daily
Not too far from the MA's but they are rolling over
Execution detail:
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