BAX - flag pattern, volatility contraction
BAXInteresting 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.
Note
R3 reached, took partial profit, moving SL below today's low.Note
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.Transaction en cours
<forgot to change the status to active>Trade fermée: ordre d’arrêt atteint
stopped out below today's first candle low (5min TF) - at 86.16
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.