Symbol: IMMR
Type: Long
Entry: During the 11:45 bar
Exit: During the 11:15 bar
Result: Lost -0.41%
- (IMMR) gapped up and retraced back to the $14.35 level
- Prices began to consolidate near $14.48, setting up a Base & Break setup
- My Long order was set when prices exceed $14.50
- But the prices iteself 'gapped-up' just moments before noon
- My Entry was actually at $14.60 (See the other screen)
- A doji was formed during the next bar
- The next 2 bars leading into 12:30 both have Upper Tails, which made me uncomfortable
- I exited my trade when prices dipped below the 5eMA, and the 50% Fib. Level (between Day High and Low)
- I thought about re-entering when the next bar formed a Hammer
- But since there were no volume I decided to cancel my plan
- Prices never went far, and it later turned south
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