Just one trade today - short APOL. First bar slices through the PDL and closes below it. 2nd bar is an inside bar filling the tail of the first bar and looks like a good shorting opportunity. 3rd, 4th starts the retracement. 5th and 6th candles are hanging man against the 20 EMA and at the 50% fib. retracement. Target was ORL but it seemed like it just did not want to fall. Covered completely at $69.54.
2 comments:
Nice entry! It seems like $70 is acting as a magnet and price is stuck around there. Also, $70 is the high on 6/26, so I am keeping this one on my WL, just in case this acts as support or resistance on the next move.
Thanks Anarco. 6/29 high acted as a resistance on July 2 and provided a nice short entry.
Post a Comment