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MishaSuvorov
Jan 30, 2024 7:25 PM

LMT Long Aggressive CounterTrade 3F Long

Lockheed Martin CorporationNYSE

Description

Aggressive CounterTrade 3F
- short impulse
- unvolumed T1
+ biggest untested volume 2Sp-
+ decreasing volume test
+ first bullish bar closed entry

Calculated affordable stop loss
1 to 2 R/R take profit

Daily chart context
- short impulse
- volumed T1

Monthly chart context
+ ICE level
+ biggest volume 2Sp+
+ weak test

Trade active

Didn't go my direction, hit my virtual stop loss, so I moved take profit to break even and will close position at $429.81 or HODL and collect dividends till it recovers.

Comment

Also, worth mentioning the fact that test closed below ICE on monthly - context direction on monthly is now bearish to the new expanding ICE level.

Trade closed manually

Closed at $429.81 to break even.
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