Symbol: PLCE
Type: Short
Entry: During the 12:50 bar
Exit: During the final bar
Result: Gained +1.34%
- (PLCE) gapped down, retraced back to the 61% Fib., and started to head south back to the Opening Low
- Looking back, I wonder if the beginning of the 11:50 bar would make sense. It is certainly more profitable
- My entry was based on the 12:30 and 12:40 bars both painted Upper Shadow, along with the lowering 5eMA
- Although not important now, I question my Protective Stop... set to above the 12:20 bar
- It took forever for the prices to head south
- When it did, it failed to reach my next Fib. target
- But it was still a nice 1.3% gain
- The first 2 charts were captured at entry time. I want to use them as a reference
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