Careful if trading $SGOC...that last 'VWAP DEATH CANDLE' wasn't on tons of volume = TRAP ... if 7.40 reclaims watch the possible squeeze come in....still early, lots of rigging left in the day
$SGOC and $PMCB exact same structures....VEEEERRRRRY interesting, how does that happen?!? 😄
This flush on LARGE VOLUME is what you want to see (vs. the 2 prev. flushes on low volume). Doesn't guarantee it won't reclaim, but it's worth a short risking ~0.40 to make $1+...Stops in, emotions out!
Covered some, then re-added to load up for bigger unwind (stops above structure high)
It's been held down the last 45 mins...would have liked to see the next wave down by now...7.60s can't reclaim, might be basing here...careful!
All out per plan, scratch overall. Ideally you see that second move below the shelf break sooner....since it didn't come and time decay (and plenty time left in session) you MUST be flexible on trade mgmt.
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