STX is an interesting case study of a trade that "stalled out".
Last week I told you that when trades fail on the way to the Fibonacci extension, they tend to do so at the half-way point between the high and the Fibonacci extension.
If you look at the STX chart, you can see that price could not break through that area (represented by the black line), and it was in a sideways consolidation below that point for several hours. If you were monitoring your positions closely, you should have closed STX when it broke (down) out of that consolidation around 2:45.
That exit should have allowed you to break even.
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Tags:
Trader-X, Stocks, Fibonacci, STX
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