I took this as a callout from Kunal. I don't quite understand these kinds of setups because it gapped up but we played it as a short. Either way, I took it as a base breakdown. I sold when I decided that I didn't understand the setup enough to risk hitting my stop and losing money. (I trust Kunal, but I have a rule to only take setups that I understand... I broke this rule because I was getting frustrated that few of my setups were working out in this choppy market).
Execution detail:
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Nice idea, nice entry, just a tad early from the daily.