Level 4: uptrend wave 3 Level 3: uptrend wave 4-5 Level 2: consolidation wave c. rectangle consolidation after the reversal breakout. Stop: 14.18 target: 17.00 risk/reward: 1:2 Short float: 16.72% Stopped out at 14.19 only to watch it spring back up. This may still be a good trade. Was expecting the market to go to a level 2 uptrend. The rally never happened.
Broker:Scottrade
| Date | Price | |
|---|---|---|
| Entry | 1/12/2016 | 15.13 |
| Exit | 1/14/2016 | 14.19 |
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