Symbol: ZGEN
Type: Short and Long
Results: Lost -2R total
- The Inverted Hammer formed shortly after noon caught my attention
- It also broke below the base that was formed during the past 30 minutes
- I entered Short with my initial target at the Day's Low
- I was Stopped-out less than an hour later
- Soon after I was Stopped-out, the prices formed an extremely narrow-range base
- I set a Long Entry just above the $12.00 mark, and it was triggered shortly after 2pm
- It didn't move much after my entry, and I existed the trade later when the prices started to drop
- Below is the zoomed-in view of my 2nd entry
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