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jcbugos_BOWS
Playing the daily flag breakdown, with a continuation down. Stock dropped then flagged, bought the end of the bear flag, I had a tight stop, but it ran up and stopped me out. I am not sure how I read this wrong and need some input, Thanks
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Well, your only real setup on the daily was a continuation play on the huge drop the day before. It did continue a bit, but it looks like the only way to catch that would have been immediately at open when it popped green and then back red. Very difficult, nothing I would have been able to catch. I think your flag was ok, although the short wicks are a little concerning because it shows that whenever it dropped someone bought it. Once it popped over the 9 EMA and VWAP at the same time on that big green candle, I would have covered.