Volatility Contraction Pattern
Updated
Pivot @1882.
Stock holding the 21 EMA.
Volume dried up significantly on the third contraction.
Publishing for my own reference.
Not an investment/trading advise.
Stock holding the 21 EMA.
Volume dried up significantly on the third contraction.
Publishing for my own reference.
Not an investment/trading advise.
Trade active
Entered at 1866.Trade active
Locked in Upper circuit.Trade active
Another upper circuit.As per my sell rules, selling half at 2R and trailing the rest half until it breaks 10 EMA with SL moved to buy price.
Sold 1/2 at 2.26 RR.
SL moved to buy price, free rolling the trade.
Also, selling as market is overstretched and to protect gains by selling into strength.
Trade closed manually
Sold rest at breakeven as per sell rules as it broke 10 EMA after achieving 2RR on this trade where 1/2 was soldOverall 1RR in this trade.
Comment
Good decision!
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