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Trader_Kaji

Trade Journal: Long CDE - 2/6/2020

Long
Trader_Kaji Updated   
NASDAQ:SDC   None
Head and Shoulders Supply and Demand trade journal Stocks setup
3
0
headandshoulders supplyanddemand trade journal stocks setup
Put on a hedge trade with CDE encase markets roll over after this extended bounce. CDE is retesting the prior breakout point and 30m timeframe is showing a rounded bottom pattern. Super obvious accumulation going on in CDE near the bottom.

Long - 6.33
Stop Loss - 6.00
Target - 8.50
Comment:
Oops.. I realize I put the wrong chart.
Daily chart:
snapshot

30m Chart:
snapshot
Nice rounded bottom and breakout on the lower timeframe. Good example of multiple timeframe technical analysis.
Trade closed: stop reached:
Tightened up stop loss yesterday and got stopped out at 6.03. This seems to be the theme in choppy markets. Continued strength in the markets made me close this hedge early unfortunately.
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