B-C period high was weak indicating market may be too long, then a selling tail presented itself in D period as well as D period low weak. E period opened and traded below D period indicating potential change. At the end of E period, I took the trade as E period was closing near the highs, when F period opened the tempo was still slow as it was at the E period highs. With the tempo slow near the highs liquidation began. F period traded down below E period but tempo momentum and sellers dried up, as traders were anticipating the POTUS speaking. Once the F period took out E period low significantly, I decided, if price crossed the 9 EMA on the 1 minute and closed, I'll exit.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-02-24 11:59:44 | MESH2 | sell | $4187.75 | short |
2022-02-24 12:05:54 | MESH2 | buy | $4182.75 | short |
2022-02-24 12:27:02 | MESH2 | buy | $4164.50 | 0 |
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