Symbol: CROX
Type: Short
Result: Lost -1R
- I was hoping to play a little reversal here with CROX
- I saw that the 8th & 9th bar were signaling a potential reversal
- The 10th bar confirmed the reversal, but failed to close below the 5eMA
- The 11th bar opened below the 5eMA, and I entered Short
- My Target was the 61.8% Fib, from Day Low to Day High
- My Protective Stop was set to just above the 5eMA, which we can see now that it was a little too tight
- I was Stopped-out almost immediately
- Although I didn't profit from this trade, it's good to see that I did reach my target had I manage to stay in the trade
- Here's the full day view of CROX
- What a nice move!
- I looked and looked and I still couldn't see an entry to go Long
- Please share if you see anything
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