MCD Trade on Jul 30, 2020 11:04 from spyrosz: Tradervue User Stock Trades.

Managed to hold that $195.6 support level the day of earnings release and the day after.
Actually, $195.6 was the LOD for both of those days.
Break below $195.6 support and there was room for a sell-off to 200SMA@daily=$192.

Today, it was gapping below the $195.6 support lvl premarket.
Plan as follows:
a) BEARISH as long as it trades below R1=$195.6
b) (S) Desc. Triangle Support Break of S1=$193.5
I was expecting a pop to R1=$195.6 at the open, quick/obvious rejection there and a sell-off lower back to S1=$193.5. Then find its way towards S2=$192 (ultimate target).

Opened somewhere in between S1 and R1, so I sat tight. Flushed to S1, held the level and bounced hard all-the way to yesterday's close=$196. Didn't like the strength it showed and the chances of this thing selling all the way to $192 were few at that point.
However, I wanted to short at R1, so I participated:

Got short Tier 0, risking very tight stop above yesterdays close, expecting a sell-off back to VWAP, maybe S1=$193.5. Lack of clear reversal pattern (Technical Reversal on the 15min) held me back from getting bigger.

Covered on the way down and most in-front of VWAP.
Stopped out of last size when it tried to break through yesterday's close.