Big picture shows the reason why a shooting star was formed the 2nd time.
This is a reasonably good shooting star with good length
First time short was break even out. But that was trade management in my opinion. No one knows what will happen eventually. And wednesday, expansion did prove right.
However, friday’s bearish expansion was a confirmation of a larger correction to come.
I will be going in with higher confidence. This trade is a potential A trade which warrants for larger position size.