DAILY: Parabolic Short
INTRADAY: Flag Breakdown
Stock way overextended on the daily and outside the BB. After a morning push started breaking down right away and I shorted on the mini flag breakdown once it was pushed by 9EMA from above but I chased it on the entry.
No go, it found support on the 20EMA and bounced back. Is that a reason for no follow through action/tank?
Execution detail:
Yep, just as I thought that was a big no no reason. Thanks Sayed!
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Bad spot short! Right on 20 EMA after flush.