I haven't charted in a while and think wanted to note that this pattern for myself. I like the set up will play the "harami" candle hold up to the upside and beyond. If it breaks and closes below the bearish print 7/27/23, I'll play it that way. Enjoy your weekend.
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4hr 7/31/23
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hmmmm.... gapped down, with another wick. thoughts into thurs mostly....
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and i realized that we had 2inside bar days and looked into that. expected a big move on day 3. the wick tricked me this time. closing price was below prev day closing price, so i should have anticipated down. had a chance to get in and ride the move down 1st thing in the morning at 10a. forward.
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The retest of high seems to be invalidated with that huge gap down and continuation candle from yesterday 8/2. When I slowed my eyes down, that lower close 8/1 could have been a clue that something dramatic may happen the next day (moved from 2nd to 3rd inside bar day). The size of these moves are extremely large, so I anticipate big moves Friday also; which lines up with major catalysts (AAPL, AMZN, jobs report). Trembling... lol
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i recaptured loss today w/ puts (4500 P at 4539 break down). closing and will re-evaluate for next week.
Trade closed: stop reached