Pre market
- We have seen two downward moves on tf 2
- Yesterday we had a covering p
- Inventory is very short. There is room for more covering
Post market
- We come in high and go beyond rth h. Perfect scenario for covering
- Market only grinds higher very slow. Are there sellers absorbing? Anyhow we reach my target at the old low (yellow line)
- I think that it could roll over to the short side. I am (as often) a little bit too early in that trade but finally it works
- I think this short has great potential as several timeframes come together
- In l-period it clearly fails to follow through. I close my short and change to long as the inventory is very short at this moment
- I really saw the potential and had the hope of going lower. But I stayed very objective here and saw what is. Good job
Other thoughts
- The starting point (factor price) was good for a short: The market needs to rally before it can break
- But we are on day 2 of the consolidation. The market needs time to balance.
- Give more weight on factor time
