Pivot High

TraderHank’s play in UNH

My final play was in UNH which I found on my 9:45 wide range bar scan.  Price action put in a nice 15 minute sell setup with a bottoming tail and COG just below the 20 ma which is not the best area but “ok” with this setup.  I stayed in for 5 green bars with the 6th bar finally taking out the last green bar so I closed the position.  We are taught to stay in for 3-5 green bars and the price action just never got any acceleration so I took the trade off with very little profit.  I’m done for the day, down just shy of an “R” not a great week of trading as is so often the case as we near the end of the year.  Here is the chart for my trade in UNH…


unh