Shared by:
sk6345
123 reversal on the daily that had broken below the 20 sma and was holding below today. Market opened underneath ma's and pulled back. I figured the market would fail at the ma's and continue downtrend, so I shorted stock on the break of the bear flag it was forming/orb.
Price wasn't very close to ma upon entry. Price ended up pulling back and I was stopped out.
Price broke above 9 ema & vwap, then failed again. I entered once it was back underneath the vwap. sold half into the intital spike. pullback followed soon after, and the general market was in a firm uptrend at this point. Because of this, I thought this pullback was the beginning of a reversal, so I exited to look in my gains.
Execution detail:
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