The Daily chart looked weak however when we were triggered into the trade of LLY, we were on some decent support levels that held up nicely. The trade was really slow and not a whole lot of volume but it certainly did play out in favor. Looking at the rest of the price action for the day you can see why I don’t really favor letting the timed exit run to the end of the trading day.
The stop was hit with also some slippage. Right after getting stopped out, WM moved in favour of the direction of which I wanted. I don’t think widen the stop would have helped here. The move was quick and dirty and full of slippage. […]
The retest on this one was almost too perfect. You can see that once it broke the 5 minute low, it did come up to test then got sold off some more. […]
Great S Curve setup for the next movement lower however it seems that the move was already extended and the price didn’t move much […]
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