02Jan2:39 pmEST
We All Have it Coming, Kid; Chess Moves
I went short LOW, as per my earlier post today, at $67.65. The position is roughly 4% of trading capital, with a protective stop-loss above $69.70 (recent highs). LOW looks ripe to finish out this week with a week chart "shooting star" bearish reversal candlestick after prior steep uptrend, seen below on the weekly timeframe. My risk is well-defined on this trade and I like the potential reward if the stretched rubber band finally snaps.