2023-04-04
Post market Looking backWe have a piling on on the daily. The normal thing is to balance a littleWe get that liquidation break after failing above ANot easy to trade as there were news at this timeI shorted near B low as it became clearer, so i was positioned for a first directional moveDid not get a scale out because orderflow did not indicateCreated a nice afternoon rally high with a volume peak in I period. Great place to get full size again if you are not alreadyGiven the flagpole on the daily i saw potential for second directional move. I stayed in position with a scale out at low of dayNever reached lod so i closed in K. If we do not follow through there is potential for a short squeeze in which you do not want to be shortLooking forwardWe now put put the daily in Balance which is very healthySellers had chances for a bigger break yesterday as well as the day before yesterdayA bigger break did not occur which indicates that the market is strongBalancing on the daily normally needs a few days of timeTrade the next days in that context