
Although I liked the gap down and the first three-candle formation, I did not enter on the short side because I felt there was not enough volume compared to the previous days.
At 10:30 the stock printed a nice hammer-like candle and from there it rallied to take the 5EMA. Since it failed to take the 20EMA, it fell under the 5EMA and formed a Base. The 12:30 candle was a NRB with low volume so I went short below that candle. My targets were the low close of the day and the low point of the day.
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