Daily Chart
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Stock:MELI
Entry Bar:4
Time Frame: 5 minute chart
Entry Green Line: 63.51
Stop Red Line: 63.11
Result: 1.25 to 2.50
Setup Grade: B+
Notes:Nice pop and break on the daily chart. Nice little hammer on the 5 minute pull back.Not a perfect high/low pullback but a nice setup with the hammer Scale out and let the rest run until close.
Time Frame: 5 minute chart
Entry Green Line: 63.51
Stop Red Line: 63.11
Result: 1.25 to 2.50
Setup Grade: B+
Notes:Nice pop and break on the daily chart. Nice little hammer on the 5 minute pull back.Not a perfect high/low pullback but a nice setup with the hammer Scale out and let the rest run until close.
* The setup grade is based on rules outlined in my business plan & not for the end result. Feel free to post any trades you made today that you would like commented on.
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