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.