Garmin (GRMN) : Short Setup did not materialise

There are times when I am right and there time times when I am wrong.

Garmin is one of those. I was looking for a short entry it as it consolidates over the few days with a possible resistance level at around $28.50 to $29

My trade plan is to enter if it breaks the support as identified on the chart at around $28.

The saving grace for me is, the setup did not materialise.

Garmin was up yesterday on the open and went on to break resistance and surge higher.

If there’s a lesson for this trade that did not materialise, it will be :

No Setup. No Trade

By iam802

Trend trading with Ichimoku