Big reversal candle on daily, with a $5 opening flush in 15mins!
Put a LOD=$51.5, reclaimed S1=$52.5-53, and consolidated in-front of the level for the remaining of the session.
Put a lower high=$55, rolled back below VWAP, and started flatline consolidation in-front of S1. Very weak action, couldn't even retest VWAP. One squeeze attempt to the m.average got brutally rejected, so
I got short carefully, risking $53.5s, expecting the break of S1=$52.5 and a move to LOD=$51.5 at a minimum. Ultimate target was $50-51 area.
Held support at S1 and squeezed higher. I was quick to get the f@ck out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-11-24 13:51:45 | NIO | sell | $53.060 | short |
2020-11-24 14:03:26 | NIO | sell | $52.880 | short |
2020-11-24 14:03:33 | NIO | sell | $52.852 | short |
2020-11-24 14:06:25 | NIO | sell | $52.750 | short |
2020-11-24 14:18:23 | NIO | sell | $52.740 | short |
2020-11-24 14:29:18 | NIO | sell | $52.570 | short |
2020-11-24 14:31:09 | NIO | buy | $53.120 | 0 |
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