See the related post below the image. The result of this trade was that it did not get stopped out at breakeven. What happened was that a take profit limit order was filled for about +100 pips profit.
This trade yielded 189 points. There was a Fibonacci retracement drawn on a longer term time frame.
A short position was taken in anticipation of a trend line break. As happens frequently, price pushed higher after the trendline break, resulting in some sort of false breakout.
At a certain point while the trade was on, I placed a breakeven stop loss. Then I moved it to about +30 points. Then I exited manually. If you zoom out to a 5 minute chart, you’ll notice that price bounced around the area where there was a prior swing high.
What we see here is that the Dow moved abruptly lower, then rallied. More selling came into the market and the trade was closed out for profit
It is interesting how the market rally stopped around the level where the pink line was drawn.