Watched this because of prior day's big sell off on volume in addition to a premarket gap. It also formed a premarket consolidation pattern just under the high of previous day (acting as a resistance level. At open, my plan was to short from the rejection of the Daily resistance, but missed the trade. After a nice fade, it again retested the DR at 86.76 and again rejected it. Since it was fading into ema/VWAP support, the plan was to short on a close below the VWAP. However that was rejected handily. I was watching the price action and as it approached the 86.76 and noticed a surge of volume on Level 2 and placed a limit order at 86.76. Added at a micro-pullback then scaled out. Entered again with a smaller position on the PB to support and exited at better than my pivot target at 88.11.
Execution detail:
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