held the discipline from week35 not to short until price reached a pincer confluence and proceeded to turn down after a d1 shooting star.
D1 multi month resistance
the shooting star that made it happen
On monday, it was a bullish day that sped towards the f6 resistance like magnet. At the asian session of tuesday, it was already a full white daily bar by 11am. Price had overextended off the mean and hovering above the f6 res. This had given me a clue that it is unlikely that price will move above this level. Basically what I had been trying to decipher was to reverse engineer how a shooting star could be formed. I had gotten this correct, but the only real entry was when on wed
I had my first entry, after a break of wr3b.
After some series of losses in Aug, I had to rebuild my confidence and hence I am starting off with smaller position this time.