Is Boeing still flying high ? Maybe need to land and refuel

BA touching the previous high back in Feb 2015 at around $160
Charts showing an ABCD completion with a rising wedge at the resistance level.

Took the risk and shorted close to the top at $159.55 last evening with small SL at $160.66
An alternative will be to wait for the break below the wedge

Giao dịch đang hoạt động:

Still in this trade.
Price just refuse to break below the rising wedge, will shift stop loss to breakeven when price goes below the wege (confirmation)

Giao dịch đang hoạt động:

I probably took the trade too early and it is still hovering around my entry price. This is making me anxious, this is where we have to control our trading emotions. Zen.....

Đóng lệnh: dừng lỗ:

I placed a very tight stop loss on this trade, expecting it to drop immediately. It tried to break below the rising wedge but failed.

I am out of the trade with a $1.11 loss per share.