Pattern: Overextended Bounce Short into resistance

Short @ 2.77

wanted.2.83

risk:reward 1:2

covered @: 2.52

 Gain:+9%

   Analysis: Got Short in at a good place as I saw the stock being stuffed on the bounce near high of day. I wanted to risk 3, as the stock broke down I saw 2.4 as the support and covered 12 cents above for a 9% gain. Not bad but I also saw how weak and easy the stock was pushing down as lvl2 was being bullied by the shorts. should have held to see how far it could go risking the breakdown point of 2.58. 

ENTRY GRADE:A+

Pattern Grade: A+

COVER GRADE: B-

Confidence in Trade plan A++:

OVERALL GRADE: B+

 

looking at it I still could have done better but it makes me more confident and ready to push forward for better shorts! Love this process! God's process! Jeremiah 29:11" For I know the plans I have for ou. Plans to prosper you and not harm you. Plans to give you an expected end. My end is marvelous!