Wesfarmers continuation of huge horizontal zone breakout

7 Tem 2018

-66 Month Horizontal range primary pattern
-Measured move up to 57.31
-8 Day pennant with horizontal boundary completion on friday close
-50SMA peeling away from 200SMA

30 basis points
Will enter only with limit order to retain a favorable R/R

7 Tem 2018

Not

Limit buy order @ 50.55
SL @ 49.60
TP @ 57.25

9 Tem 2018

Not

Filled @ 50.20 on the open

9 Tem 2018

Not

Correction, 50.02 fill

9 Tem 2018

Not

Only 13.5 basis points of risk with that fill. If close is above Friday's high, will add another 16.5 basis points of risk

10 Tem 2018

Not

Will not pyramid based on existing pattern

10 Tem 2018

İşlem kapandı: durdurma seviyesi

Stopped out