STER - JUNE 24 MATrend Unsustainable Momentum- Aligns with larger bearish downtrend
- Bold green candle with gap
The price was too tight for me to position the trade plan precisely on the Fibonacci levels. As a result, I placed it in a discounted position. Otherwise, it would be above the 0.5 level, which might lead to premature price activation—an unfavorable outcome.
Exit Requirements (15M Chart)
- Selected 20SMA Cross as it historical was more synced with price movement
- Move BE when price hits 0 Fib
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.