VCP characteristics Strong RS, Relative strength line new highs. Trading above key moving averages Pivot of 304 bought at 302.5. Broke out pivot with good volumes. Stop at days low Testing with position size 10% as smallcap index has broke out of its consolidation and above 21 EMA.
Not an investment/trading advise. Publishing for my own reference.
Trade closed: stop reached
Faded. Poor closing on major indices. portfolio down by 0.516%
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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.