Range tightening and setting lower high
Updated
This nasdaq daily top gainer had a run from this morning to the upside. this move is fading and reaching a tightening range or equillibrium and setting a lower high around the .5 fib retracement level and vwap. td9 has printed bull exhastion and ttm has signaled contraction.
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i would close short inside this lower vwap or close to the new 5 min low to be on the safer side as the rebound may still have legs on the hourly
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most of the selling pressure is higher, and the squeeze is happening in this cover zone which is where im closing (also lower vwap)
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im shorting this again as a second TD9 has completed to the upside and price is outside vwapComment
im also doing a smaller position longer term swing short based on how overextended the daily is. target is around the open.
Trade closed manually
didnt exactly go as planned to im more comfortable closing everything here
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