Looking to get in at the 9 EMA bounce or Trigger price. If VWAP hasn't crossed the 9 EMA (1 Minute Chart) I'll raise my stop. Otherwise I'll take my profits.
Comment:
I shouldn't have ignored the "Bearish 3 Method" candle formation on the Daily chart. That along with the negative earnings should have hinted that the stock was going to move down. However, I was correct in my bullish analysis. It'll be interesting if the price sets up for the same entry point tomorrow.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Here is what a Bearish 3 Method candle formation looks like:
upload.wikimedia.org...od-formation.svg.png