Yesterday I did not like the death cross on the 50/200 day SMA's and how hard we got rejected from the longer term bear trend. I was so frustrated that I said I would not enter another long until we broke that trend. This morning I woke up to a beautiful diamond bottom pattern, which just so happens to be my favorite reversal pattern. After a cup of coffee and giving it some thought I decided to jump back in. Seize the day and all that shit.
Stop loss is set at $9,500. At a minimum I am expecting us to retest $10,400. If there is enough volume on the buy side then I will be letting this one ride with a trailing stop loss set $200 behind.
Stop loss is set at $9,500. At a minimum I am expecting us to retest $10,400. If there is enough volume on the buy side then I will be letting this one ride with a trailing stop loss set $200 behind.
emasar Indicator is available for purchase at alphanalysis.io/product/emasar/
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
emasar Indicator is available for purchase at alphanalysis.io/product/emasar/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.