Day Trade: Long FMCN 30-min chart

Entry @ $81.24 / 700
Exit @ $80.90 ***update 2:07pm***

				Entry	:	$81.24
				Size	:	700
				Exit	:	$80.90
				Stop Loss	:	$80.40
				Risk	:	0.84
				P/L	:	($238.00)
				R	:	-0.40

I saw a pullback to retracement zone in this chart and my expectation was for the price to go back to the latest high at $84. The general weakness in the market took its toll on this setup. My entry was when the 4th cstick moves pass the high of the 3rd PIVOT cstick. The exit was when the stop was triggered on the 9th cstick.