Strategy: The general jist is that just after you think it has determined a trend for the day it has a pop up to the highs, probably makes new highs and looks strong enough that you don't wanna be short.
So in this case CNAT was on it's 3rd day up and had gapped up on news, and was fading hard premarket leading to the general bias tha tit would be an all day fader. After an initial move down it popped up and looked to be stuffing; that's the add point normally. At this point it's very important to stop out quickly on an up move in price. AND if you want to reverse it and get long it must be here, cannot chase new highs, must be selling into the new highs (even though it looks really strong at that point).
If the bias is strong enough on the short side, and this should only really occur when it has been weak premarket (and a bigger picture view) should be beginning short into the new highs and then adding on stuffs.
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