When the stock showed up on the screener there was a bullish continuation setup on the daily chart and a potential overextension on the higher timeframe downtrend. Thus added to the watchlist to monitor for a move.
Execution – Entered late on a debatable Failure Test.
Trade Overview • Structure: Bullish Continuation (D) / Downtrend Pullback (W) • Position: Near Mean (D) / Far from Mean (W) • Entry Trigger: Failed Breakdown (Late)