Shared by
VadimT7
Short trade criteria:
1) Didn't go too far on the next high
2) Many wicks and shooting star on high-volume
3) Bearish engulfing candle
4) Low volume on green candle at the top and strong dominant selling volume at the top and throughout the downtrend.
5) Fake daily breakout => even stronger than normal fakeout.
=> Signs of a strong reversal to the downside or a much deeper pullback.
Don't sell until the buying volume starts to show signs of strength and becomes higher than the selling volume.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-02-23 11:40:49 | VBLT | sell | $2.940 | short |
| 2021-02-23 11:41:59 | VBLT | buy | $2.850 | short |
| 2021-02-23 11:49:22 | VBLT | buy | $2.700 | short |
| 2021-02-23 11:57:30 | VBLT | buy | $2.630 | 0 |
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