I was anticipating a rally or a bounce based on yesterdays analysis and it has happened, but not without moving lower early in the morning. The two options were to hold the short position until the intra-day chart exits its OS condition or hold the short until an ST crosses up. If the 1st option was taken then you would have entered back short before the end of the market close.
When volatility exists, it is a better to exit early to get the most out of your profits. This advantage has its disadvantages though and that means having to trigger more trades.
MT: UP
ST: DOWN
PA: DOWN
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