Shared by:
sk6345
Price had pulled back in resistance with the 20 sma also curling closely down on top of price. It had already fail at the level the day prior, so I was hoping the bounce would continue since all that resistance was above it. So I shorted on an intraday bear flag. Price pulled back and I was stopped out.
My plan on the daily wasn't that great now that I look back on it. should have aimed for a bear flag breakdown instead of a bounce continuation.
Execution detail:
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