OMC darn had that one tracked with alert but forgot about it, formed decent micro shelf bellow the supply before takeout. If it retraces it is still a play.
HLT looks like demand is about to fail and the drop is comming. Spreads are bad though. LHs progressing towards demand showing the weakness on bull side. Never be too sure though, things can always turn around on fresh order flow.
LOW long sold on break even, on true clearout there should be strong momentum, price is stalling way too much, most likely agressive buyer is not sitting behind it, thus exited.
HLT looks like demand is about to fail and the drop is comming. Spreads are bad though. LHs progressing towards demand showing the weakness on bull side. Never be too sure though, things can always turn around on fresh order flow. {image}
Ignored
HLT perfect example to point to why trade managment / execution matters, and why to always account to fresh order flow with correctly observing price behaviour changes. Even though demand did fail on HLT which was pretty obvious, the new order flow pushed it right back with absorption formed heavy counter move. A trader unwilling to be proven wrong will have huge loss every time at such play especially if being too sure about how that play should worked out.
Cut loses quick, observe price beahaviour to note the changes. Takes practice and experiance but the main point is to actually form a plan to at least try to do it.
HLT short covered for aprox break even.
HAL might be a hot play, momentum is strong, lets see if it gets tested on upper line. Momentum continuation plays are all about.....momentum strenght.
(binned per thread starter's request) Market bottom rotation trad
