BAX - flag pattern, volatility contraction

15 Nis 2021

BAX
Interesting 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.

15 Nis 2021

Not

R3 reached, took partial profit, moving SL below today's low.

15 Nis 2021

Not

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.

15 Nis 2021

İşlem aktif

<forgot to change the status to active>

19 Nis 2021

İşlem kapandı: durdurma seviyesi

stopped out below today's first candle low (5min TF) - at 86.16