Tuesday trade - AMAT

This trade was more instinctive than my usual trades. I'm trying to trust my instinct more. AMAT looked very weak relative to the market and it had been testing the 10 level repeatedly over the last week. Looking back it was a 3 pivot point B&B entry. This was a 2.32R trade.

My reasons for exiting were as follows:

Choppy conditions, quicker to take profits

SMH was nearing PDL

Indexes were nearing support levels

Very oversold, started seeing green on the tape

Setup:70