ASX: WOA

23 Nov 2020

WOA has just had a push up from a basing structure, it is now having its first pullback from the move out of the base.

Setting a pending buy order of the break of this correction.

Larger structure may be suggesting that this is a completion of a 4th wave and looking for a 5th

23 Nov 2020

Nota

Multiple time frames analysis:

30 Nov 2020

Nota

Not liking how price is behaving here, i have moved stop loss up to 1.115

3 Dis 2020

Dagangan ditutup secara manual

Bit annoyed with this trade, my stop loss did not sell me out and i have to manually exit the trade at a larger loss

5 Dis 2020

Nota

Trade Review:
The idea was good, had a nice basing structure to it, as the trade become active price did not move sharply as expected, because of this I move stop loss to just under entry and I could see selling pressure coming in. My stop loss was triggered but was not filled, this could have been am issue with my broker but meant I had to manual exited which was annoying.

The signal:
Basing structure looking for a 5th wave move up
Entry Point:
Entry on the break of the base, this could have been better, noted for next time
Stop Location:
Stop was set underneath the previous swing and was the correct location, moved up once price did not behave as expected.
Trade management:
If my stop had of been filled where it was then i would have been happy with this management, however, stop loss was not filled which resulted in a larger than planed loss.