This ones been basing for a long time and is now showing layered and rising moving averages in addition to an “inside shake” candlestick entry > 10 ema. The breakout low of the day will be my stop, around 1.10 from my entry.
while CVX closed above the breakout it gapped down this morning, not showing follow through as I would like to see and then violated the opening 30 min candles low as well as the breakout days low. Stopped out -1R
AGAIN this is why you must take your losses at your predetermined stop loss. small losses!