WFC Trade on May 7, 2021 10:05 from spyrosz: Tradervue User Stock Trades.

Terrible jobs report, I thought it would be considered "deflationary", and I was right based on initial premarket responce.

This WFC had rallied into a massive supply zone (>$44) and based on the news I expected some sellers to appear. Premarket plan was to sit tight until I saw sellers trying to control price + a clear short pattern, then press short thru S1=9SMA@daily=$45.6, for the move back to $44.

Opened strong and rallied back to yesterday's close but got hammered down. VWAP bounce got also hammered, and I saw the Desc. Triangle Support Break forming.

Got short half-Tier 0, risking lower high, added full Tier 0 thru VWAP loss, expecting the move back to S1=9SMA@daily=LOD=$45.6, then bounce to VWAP, VWAP rejection to the penny, and S1 break-down.

Looked good playing per plan. Bounced to VWAP, failed to hold and rolled-over. Added another tier, tightening stop to latest lower high $45.15s, expecting break of S1 support.

Made a higher low and reversed. Took the stop per plan. Small loss.