The entry would have been on the squat day. Squat would have hapenned next. Now if the squat is not deadly, you could ideally give some time for the stock.
Say the squat takes you out.
Say the setup is still the good.
You can employ reenter using any entry tactic viz. Breakout of a tight entry, Pullback and bounce off a key MA etc.
A BO of the squat day high will have a larger SL, if its fine that can be another entry as well, IF the buy point is still not extended form the original Breakout pivot.
Post a squat what would be the. Ee pivot entry point?
1. Same as previous pivot
2. Above squat day high
3. Or Should a new pivot be formed ?
Thanks
The entry would have been on the squat day. Squat would have hapenned next. Now if the squat is not deadly, you could ideally give some time for the stock.
Say the squat takes you out.
Say the setup is still the good.
You can employ reenter using any entry tactic viz. Breakout of a tight entry, Pullback and bounce off a key MA etc.
A BO of the squat day high will have a larger SL, if its fine that can be another entry as well, IF the buy point is still not extended form the original Breakout pivot.
it was a wonderful read. you gave a clear clarity on distinguishing a squat/fakeout from a failed breakout🫡