Macro setup: Daily Bear Gap under hourly pivot and prior Bullish daily bar ("Bull"-shocker).
Entry setup: After establishing it's opening 5-minute range, the stock setup a 1' Sell-setup at the declining s8ma (simple 8-period moving average) with a series of narrow-range bars. The stop-loss was very tight, giving the opportunity for a low-risk, high potential gain trade.
As usual, I covered my position with multiple exits (which is in my plan, but not to be lead by example) so I did not realize the full potential profits. But, a good winning trade none-the-less.
Check out the chart...
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