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MishaSuvorov
Sep 3, 2022 2:38 PM

RRC bearish hammer on daily bearish candle below 10 EMA Short

Range Resources CorporationNYSE

Description

Nice consolidation at point of control after bearish hammer and first bear candle closing below 10 EMA.

If we break down expect a nice downward impulse.

Trade active

Took 25% at MA 100, moved stop above last strong bearish candle since market is in indecision, set another 25% target at MA 200 and will run the rest to the end.

Trade closed: target reached

Closed at stop in profit
Comments
MishaSuvorov
Taking 25% profit at MA 100 will take another 25% at MA 200 and will run the rest to the target.
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