Good initial momentum candle and the larger chart trend aligns with our direction
Exit Requirements (15M Chart)
- Selected 10SMA 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.