Short CCL on the retest of broken DZ. carry the loss- Lesson leaWHY I TOOK THE TRADE
- heavy supply into a DZ from the (M)
- the long-term chart (W) in downtrend
ODD ENHANCERS
- news of new Corona strain puts negative pressure on stock's sector
CONFIRMATION
-price broke & CLS below DZ. invalidating the demand zone (DZ)
WHY I COVR PSTN
- my STP loss was triggered.
WHAT I LEARNED
- my ENTR to SHRT was too late. i chased the retest through DZ to enter
a better SHRT PSTN would be to wait for the retest to test a LH of daily downtrend. it would of reduced my risk
Lesson Learned - dont chase the stock. if the opportunity has passed. let it go
