A short side breakout will be a sharp drop; long side will be a slow grind higher. Range is tightening as shown by the clumping moving averages.
Trade active
17.74658 short fillTrade closed: stop reached
17.83 closeNote
Still possible for another attempt at a breakoutTrade active
17.7280 short fillTrade closed: stop reached
17.8429 stop and position reversalNote
This poorly drawn bottom part of the wedge cost me 2 trades, but third time looks like the charmTrade closed: stop reached
Losses could have been avoided by moving SL to breakeven but sadly I was out this week. Have to take this one on the chin.Note
17.67 stop
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.
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.