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Yelp - flag pattern, volatility contraction

Atualizado

Yelp's all major timeframes are tempting:

weekly: it has recently broken long-term resistance. Now it is being tested. If it holds, there is a potential to go much higher.
daily: holds support at around 39.70. Great volume pattern - a pullback on declining volume.
15m: the volatility is contracting, accumulating energy for the next move. The price sits right on VWAPs from recent highs and lows.

If the price breaks the recent high VWAP then my plan is to go long with the SL below Monday's low (12th Apr) - 39.12 - that is 1,5ATR below that low.

Trade ativo

entry price triggered

Nota

moved the stop below high lower - that is today's first candle (5min) low.

Trade fechado: stop atingido

stopped out, took 0.25R loss

Aviso legal

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