I saw that it opened weak on the daily chart (thanks for the lesson Daniel!) and shorted when it broke down through the first consolidation level. Of coursed it didn't go right way, so I just set a stop and waited.
I though I was catching it in continuation of its run down. No dice.
Once it broke above the 61 resistance level and flattened out I entered to anticipate the run up. There was also other areas of resistance overhead, but I thought that since it was respecting the 9 and 20EMA that it would continue.
Execution detail:
no setup on daily but also the intraday was very high with no setup..u need to wait for patterns to develop
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
Another pick with range bound and no clean setup.