juicea123
Short

Retest Gap- 12/05/2014

NASDAQ:FIVE   FIVE BELOW INC
On Dec 5 the market gapped down, the prior candle was black which point to the strategy of waiting for a retest. I waited approx. 11 candles to trade up to the 10 EMA and then fail it. I entered at 37.55 and set my stop at 38.06 and then hit my target at 36.60. I ended up with a 1.5R for this trade.
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