Long
MPL Position Trade
Bullish Volatility signal confirmed on the Weekly. Last time this printed it yielded a 7x in about 6 months. Daily seems to have printed a bullish star reversal pattern as well. Will look to sell around February.
Trade closed manually
The plan was to only take a 20% haircut at most. I ended up taking something like a 40% loss. The bullish volatility signal is still valid but market conditions have changed. I am out, awaiting a bullish volatility signal on my distal timeframe so long as the signal remains on the weekly. Hopefully the market turns around about the same time the signal appears. If it does not, I will not look to resume idea.
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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.