I had been waiting for about 30 minutes for a move in AIG. I always consider the filling of an opening gap.
The stock is still sinking even after this screen shot so I really missed most of the trade. But I am happy about pegging the breakdown. I looked for the string of closes below the 7 EMA then took it short just before the drop. What I have to learn now is patience... to hold my winners... the stock is at $48.11 right now and if I had held, I'd be up $5700 on this trade so far, instead of only up $554. I sold at what I thought would be a resistence level set by the 9:40 & 9:45 am candles. The stock has not threatened a break of the 7 EMA, the sell signal I am considering adopting.
Ok, looks like a potential reversal candle is forming at 11:55pm... we'll see how it goes.
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