Shorted the high of the day, was risky but ended up working out perfect. This was after another short that didn’t work out btw, but only a $500 loss, ended up getting that back and much more.
This market has been absolutely unhinged lately, and I’m probably crazy for even looking for shorts, but glad I was able to end the week on a high note.
This strategy is super simple, not sure if anyone here has traded divergences but they’re simple to spot, and a good way to identify risk.
As you can see, new highs were being made on price, and the oscillator below was showing lower highs, this is your first indication of a bearish divergence. Took the signal from TO, and held down to VWAP.
Overall a great day, let’s see if we can sustain these highs next week, hope all of you have been smoking the market this week!
https://www.reddit.com/gallery/1soji59
Posted by Practical_Nebula4090