Range Established in DOOO - Coming Off the Bottom

Nov 20, 2020

DOOO flushed out the buyers from the past 3 months and has now established a definable trading range.
As always, manage risk appropriately.

Dec 3, 2020

Trade active

Target zone reached after broadening the price range. Stop loss set at $60.55 where price would be coming back into the range. Will let it run.

Dec 3, 2020

Trade active

Top of broadening formation, entering exhaustion risk. Bonus time above here.

Dec 3, 2020

Trade active

Inside 45min; moved stop loss to $61.14.
Looking to add on the range expansion of the inside 45min up >$61.63.
Will use stop of $61.14.

Dec 3, 2020

Trade closed: stop reached

Old trade stopped out. New trade of upside range expansion has not triggered.

Dec 3, 2020

Trade active

Range expansion. New trade engaged.

Dec 4, 2020

Note

Letting the current trade ride as long as price stays above the previous range it just completed.