Just an idea based on daily closing price.
Note
Two red candles followed by two green candles. Last green one today. Looks like from todays trading, everyone had the same short/sell idea and probably a lot of people are now stopped out. I use a wider stop on the daily for just such events that I think would be a common trade and I am still in this sell trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.