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PYX short squeeze on trendline break

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As PYX breaks its major downward trendline, a long position is entered with a tight stop.

Factors leading to the decision:
  • Long-term downward trendline broken
  • Heavy bullish volume showed up at the low, noticeable to traders looking for a sign of reversal
  • A recent small retracement created a higher-low which is an ideal place to put a tight stop for the trade
  • 20 SMA was recently crossed and held, luring in MA traders


As always, use a tight-stop and if it rips, let it run
交易結束:達到停損點
This trade failed with a fake breakout and my tight stop was hit a few days in

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