BlackHawk Down Stopped Out HAWK

It took just a  day, but HAWK broke the other way. I got stopped out at 32.99. 

Why didn't this trade work?  

For me it's a case of seeing what i wanted to see.  I had some primacy bias as I just had a big winner in AGIO so I saw the parts of that setup in HAWK. Would I have taken HAWK otherwise at that point, probably not. I  jumped the pattern in HAWK. It's a setup that works but it usually needs at least 15 days before its ready. HAWK was only 9 days in and the first b/o attempt failed. Also there is a gap from 32 to 33 that called out to be filled as angle of the price action trended towards that gap like a magnet.

Fortunately, I kept the loss small enough  -.65R to avoid damaging my equity balance.

New Swings- HYGS, HAWK

I bought HYGS today in a fishhook type trade- it also would trigger on the Elder Impulse . Given the strength of the V shaped recovery I thought this is worth a try.  Here's what I see.  A break of the pace of the down trend with a successful  back test. This is somewhat of a fishhook entry as the strong move held.  in at 16.06 Stop 15. 87.

HAWK:
I like this set up as it weathered the downtrend much better than most stocks and now it is flagging.  I've found that buying within the consolidation can be a decent low risk entry.  However, it might need to trade sideways for another couple of days.  It just hit the 13, so it may get a kick but I think its more likely to get its burst when it hits the 20.