HARROW 16% INTRADAY DROP CAUGHT!
Technical Analysis: HARROW (15-Minute Timeframe)
This chart demonstrates a highly profitable short trade executed with precision using the Risological Indicator. A stellar 16% profit was captured in this intraday trade, showcasing the power of momentum trading.
Trade Details
Key Technical Observations
Perfect Entry Point:
The entry at $52 aligns with the beginning of a sharp bearish breakout, as identified by the Risological Indicator. The indicator’s red resistance bands provided clear confirmation of a strong downward trend.
Momentum Confirmation:
A steep decline immediately followed the entry, with heavy bearish candles confirming the strength of sellers in the market.
The gap and acceleration downwards signify a likely reaction to negative news or market-wide pressure.
Dynamic Resistance:
The price consistently respected the downward-sloping resistance bands, highlighting the dominance of sellers and a clear absence of bullish recovery attempts.
Exit at $43:
The exit near the $43 level demonstrates disciplined profit-taking, as the stock begins to consolidate and show signs of slowing bearish momentum.
Analysis of Results
This short trade captured the entirety of a massive 16% intraday move, leveraging the indicator’s precise trend-following signals. The sharp entry and timely exit reflect the strength of the Risological Indicator in identifying and capitalizing on market momentum.
Key Takeaways
This chart demonstrates a highly profitable short trade executed with precision using the Risological Indicator. A stellar 16% profit was captured in this intraday trade, showcasing the power of momentum trading.
Trade Details
- Stock: HARROW
- Timeframe: 15-Minute
- Entry Price: $52
- Exit Price: $43
- Profit: $9 per share (16% intraday return)
Key Technical Observations
Perfect Entry Point:
The entry at $52 aligns with the beginning of a sharp bearish breakout, as identified by the Risological Indicator. The indicator’s red resistance bands provided clear confirmation of a strong downward trend.
Momentum Confirmation:
A steep decline immediately followed the entry, with heavy bearish candles confirming the strength of sellers in the market.
The gap and acceleration downwards signify a likely reaction to negative news or market-wide pressure.
Dynamic Resistance:
The price consistently respected the downward-sloping resistance bands, highlighting the dominance of sellers and a clear absence of bullish recovery attempts.
Exit at $43:
The exit near the $43 level demonstrates disciplined profit-taking, as the stock begins to consolidate and show signs of slowing bearish momentum.
Analysis of Results
This short trade captured the entirety of a massive 16% intraday move, leveraging the indicator’s precise trend-following signals. The sharp entry and timely exit reflect the strength of the Risological Indicator in identifying and capitalizing on market momentum.
Key Takeaways
- Trend Confirmation is Critical: The trade capitalized on the established bearish trend, ensuring high probability of success.
- Indicator Precision: The Risological Indicator’s dynamic resistance bands provided clear visual cues for both entry and exit, removing guesswork.
- Risk Management: By exiting as momentum slowed, the trader avoided potential losses from a reversal or consolidation phase.
- This trade underscores the importance of using robust tools like the Risological Indicator to stay ahead in volatile markets, transforming short-term opportunities into substantial profits.
- Indicator used on my charts > Risological.com
- NO Repaint!
- Consistent profits, minimised losses
- Detect and avoid Sideways Market
- Works on all markets and all time frames.
- NO Repaint!
- Consistent profits, minimised losses
- Detect and avoid Sideways Market
- Works on all markets and all time frames.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.