BAX - flag pattern, volatility contraction
Aktualisiert
BAXInteresting setup in BAX - it was in a huge long-term downtrend that was broken in the second part of March. It's now digesting recent gains. The volatility is contracting, so it is slowly accumulating power for the next move. My plan is to go long when the price gets above the recent high VWAP with the stop loss below Tuesday's low (13 Apr), when it opened with a gap down, but it was immediately bought. To be precise about the stop loss, I would set it 1,5 ATR (on the 15M timeframe) below that low.
Anmerkung
R3 reached, took partial profit, moving SL below today's low.Anmerkung
Reached recent high. I want to sell breakouts, so I'm taking another partial profit. 1/3 of a position left. Will try to ride as long as I can until I'm stopped out.Trade ist aktiv
<forgot to change the status to active>Trade geschlossen: Stop wurde erreicht
stopped out below today's first candle low (5min TF) - at 86.16
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