Took this as a feeler short. Gap down on ER report. Retesting the 20ema and I still like this set up. Conditions are just very tricky right now.
7:03PM
I traded this again on the short side. But this had great intraday volume to support the buying. I didn't see it at the time I made the 2nd trade. And I shouldn't have taken it short again. My theory was it would get rejected at the 50sma at least. Or overshoot the 20ema and reject. Tops take time to form. And I was potentially too early for it.
Execution detail:
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