Re entered this same am move only bearish once the decent cleared the previous pivot low 16.17 / 16.31 / 15.89 selling 357 shares. Watched the one min. Chart the entire time.bounce off the 50EMA and I'm out for another 2R gain. Got things to do today to get ready for Christmas so I'm out a here and back in time for class.
Thanks to you!!!"
Since it was a golden gap that broke bearish (on 2min chart) and converted to a retest gap is it more optimal to look into the 1 minute chart for the retest since it still has so much trapping involved?
I understand the trapping sentiment was heavy here and these moves tend to happen very fast.
I could see entering long @ 14.97, stop @ 14.55, target 2R then trailing out 50%pos for an estimated 3R total gain. Still amazing.
With time I'll get more comfortable with these super quick entries on golden gaps. Now I have a better gameplan for when they break bearish and how to enter at the right spot.
Thank you so much guys!