Absolute monster of a bearish divergence at market open today, this example actually takes price action from pre-market.

    For those of you that trade the open, this is definitely something to look out for, because this is truly a low risk, high reward trade.

    You can mark the previous high, and use that as your exit strategy if price reverses, but after this broke below VWAP and the 200ma, she was off to the races 🏎️

    Not to mention the insane move back up we got today, which I was not expecting… or at least that large of a move. Talk about a V.

    Hope you guys grabbed some profits today, was absolutely beautiful.

    https://i.redd.it/kar8w0o5oaod1.jpeg

    Posted by Scary-Compote-3253

    8 Comments

    1. Yea, I commented yesterday. My eod puts I bought doubled. Bought more puts after the insane retrace. Well let’s see how many times lightning strikes 🙌💎. I’m the guy that only uses rsi

    2. Made money on the way down, gave it back on the way up. Like you I was expecting it to go back down at some point. Hopefully by the end of the week. Didn’t lose money tho which is nice.

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