Structural bottom looks like it's in place. Good risk/reward.
Update 4/24: Adding to my position at 16.82
הערה:
Trade Reflection
Target Hit: First one yes.
Target Trailed, why: No
Stop Hit: Yes after first target reached
Signal for entry: Convergence toward pennant
Trend continuation post stop breach: Broke down intensely with two flashes on the weekly.
Risk/Reward: 1:2
Poor Stop Placement: No, although adjustment is definitely needed. Stop needed to be raised to at least 14
Risk %: 7%
Reward %: 13.7%
Fundamental overlay: no
Would you take the trade today? What would you do differently?: Stop would definitely be adjusted on the second entry (breakout entry) at 14.7. Would not have initiated a second entry long since the breakout was too minor and didn't offer enough structure for a retracement pause.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
Target Hit: First one yes.
Target Trailed, why: No
Stop Hit: Yes after first target reached
Signal for entry: Convergence toward pennant
Trend continuation post stop breach: Broke down intensely with two flashes on the weekly.
Risk/Reward: 1:2
Poor Stop Placement: No, although adjustment is definitely needed. Stop needed to be raised to at least 14
Risk %: 7%
Reward %: 13.7%
Fundamental overlay: no
Would you take the trade today? What would you do differently?: Stop would definitely be adjusted on the second entry (breakout entry) at 14.7. Would not have initiated a second entry long since the breakout was too minor and didn't offer enough structure for a retracement pause.