UBER - JULY 24 MATrend Unsustainable Momentum- D1 larger trend is aligned to our bearish direction
- When I started this trade I decided to close it within the day instead of letting it run because I noticed that UBER had huge price spikes at market opens. I didn't want that additional unknown volatility variables.
MATrend Unsustainable Momentum (Systematic) ⏪
The strategy identifies stocks (Tech sector ) that follows the larger market regime's momentum of the day and because they are unable to maintain it price breaks down quickly
Tight stops aligned to the price behaviour we are trying to capture. Which is a rapid break of the momentum.