GILD Swing

 




Big mover from a failed 5 year falling wedge breakdown. Seeing good buying and big moves off the low into Top TLs. 

Originally failed break higher and sold off strong. Later recovered even stronger and got back to prev hi/close above vwap.

Waited an hour or so for some new setup and got a really nice intraday head and shoulders with top right at prev hod. Was in on the break higher. 

One bad thing about this, is I feel like im buying an over extended move. So its good that we are seeing rest today while market is regaining strength. 

Broke mini TL into close and held. Popped up added more, risk is fairly tight here.

Were making a giant triangle and given what were seeing, we look good for more upside. Thinking we can continue long here. 

Broke higher with more vol spike. Added again. Big as I want for this trade ATM. Not A++ so no reason to get crazy. 

But it gives me reasons to. Faked out lower ripped back up higher into top TL.

And broke well with vol and into pivot break 

Giant FU pattern. Nice spike higher, then gave it all back. Dumb. But held prev hi and breakeven so im in it still. Chance to reload?

Nope lost it dumped harder to vwap, waiting on pb. 20 min to bell. 

Lost triangle TL and into vwap + 60, waiting to see if better exit possible.

I think overall I chased on this one. Yeah intraday structure was good respecting levels. But on the D, its had a pretty large 2 day move. 4.5ATR over 3 days, is due for some profit taking. Better entry would be to wait a day or two and see if resets for me. 

Tiny loss. 

And good call, only got worse into bell. 



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