I have the position today
The why:
1. Low-risk entry
2. It forms a cup and handle pattern
3. High relative strength
4. Breakout today while the index declining quite big.
Flaw:
1. Low volume supporting the breakout
2. Lots of failed C&H breakouts these days.
The why:
1. Low-risk entry
2. It forms a cup and handle pattern
3. High relative strength
4. Breakout today while the index declining quite big.
Flaw:
1. Low volume supporting the breakout
2. Lots of failed C&H breakouts these days.
Trade active
The price action today is pretty much suspicious, I sold most of my positions at breakeven today. I'm freerolling the rest.Trade closed: stop reached
I got stopped out at the last portion today at a loss.
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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.