$VPRX - Timing not ideal, pullback not deep enough, long time in the shelf....still lots of rigging to unfold BUT it has elements of HOD clearout. Not trading it (can't actually, regsho)...just observing.....
First target hit in this 8.15 supply zone Don't be surprised if a bounce happens here....still super early in the day, plenty of time for riggers agenda to unfold.
Critical point for price action....flush and shelf...it if reclaims $9 then potential for nHOD push. You need this microshelf to NOT reclaim for more downside $7 target
Watch VOLUME closely here...if it comes in within the next 3-10 minutes that could be the squeeze. The $9-to$8 flush wasn't on tons of volume = short trap.
Drill way down...this candle is example of possible short trap. Paint it so it looks weak attracting more shorts, watch the reclaim and rip
Here's the squeeze as expected. Trendline break, weak flushes reclaimed, VWAP break...and increasing VOLUME. nHOD would be the target
nHOD target achieved as scripted. Now watch for basing in the 10.50-11 level. This is HEAVILY rigged so careful if shorting....let is show it's hand first...still plenty of time to unwind later if that's on the agenda
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