CHFS Trade on Oct 27, 2020 11:09 from VadimT7: Tradervue User Stock Trades.

DON'T CHASE.

Both 10-min and 5-min charts looked very extended -> too late to enter.

Double-tap resistance indicates possible reversal, especially after a big move.
--Bearish Engulfing Bar on high volume after a preceding bullish engulfing bar gives even more power to the reversal.

Before entering a trade
Let the stock find a support level before entering a trade -> there is a previous support level on the 1-min chart
-> IMPORTANT TO KEEP DIFFERENT TIMEFRAMES OPEN AT THE SAME TIME
-> Confirmation is more important than the small additional gain

On the second entry:
- Strong selling volume in accordance with price action (medium to big size red bars)
- Small buying -> small volume on green candles (insiders testing the demand, no demand found in this case) -> not a long trade
- 100% retracement after hitting the resistance at the top -> indicates a change of trend, bad place to long.

All criteria indicate a short trade, not a long trade.