Here’s a nice extension gap we missed this am. The stock gapped down then flat lined for the 6 bars, then when it broke it pretty much hit the projected key fib numbers after the breakdown. This trade could have had a sell stop order in and sold under 15 with a stop on the day above the days high trade. The trade broke down hard and fast over the next 45 minutes and your exit could have been scaled out along the way. Darn nice setup we missed.
FIRE missed trade
April 9, 2007 · No Comments
Categories: Charts · Fib Projections · Stocks · Technical Analysis · Trading