This had a power of 3 breakout yesterday, 9/2 it's following up so far this morning. You can see my entry and stop. Target is blue line although I'm hopeful (not a trading strategy) that it will move past that resistance. Ideas, not investing / trading advice.
Comment:
I opened this position in the 1st 10 min of trade this morning. To be a true "Power of 3" it needed more volume on the move today. Yesterday, the 2nd was the true breakout and it had a bit above average volume. Thought I'd make this note for educational purposes. It's still open as it did not close below the opening low of the day.
Comment:
9/7 added small now 3/4 position. same stop
Trade closed manually:
9/16 Closed @ 47.87 which is a 7.3% loss. I gave this more room than normal which has turned out to be a mistake.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.