Wednesday, June 17, 2009

Bear Flag - SRS


SRS formed a nice bear flag around 1pm with PDH acting as resistance. I was watching the bear flag formed but when it took out the low of 15the candle, I was looking at some other stocks. I entered when price was about to take out the low of the 14th candle. Entered short there and covered a little above daily pivot (yellow dotted line) which was also the 100% FE of the flag.  

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