SONO Trade on Mar 23, 2021 13:41 from spyrosz: Tradervue User Stock Trades.

Beauty of HnL setup on Daily.

Premarket plan was to get short the opening pop to R1=$42, expecting a brutal rejection there and a move to S1=$40 at a minimum, ideally S2=$39. S3=$38.

Never popped. Remained weak durning morning+lunch session and worked off the S1=$40 buyer by putting a picture-perfect descending triangle!!
-- Flush to S1=$40, held and bounced
-- Leak thru VWAP allowed, but lower high
-- 2nd retest of S1=$40, held and bounced
-- Retracement to VWAP and rejection to the penny (no leak above VWAP this time).
-- 3rd retest of S1=$40, flat-line consolidation, break lower.

Got short half-Tier 0 as it broke thru S1=$40, risking the desc. trendline, added full size after it retraced to the level and got rejected, tightening stop above S1, wanting to cover bulk at S2=$39 and hold small for a potential move to S3=$38.

Covered bulk at target-S2, and then got flat as it "double-bottomed" and pushed higher while market was making new lows.

Bad decision as it gave another 50c/share.