Strategy Description: Important factor here is that the setup posted on a stock with fresh news could be interpreted as leading to a possible breakout and an add (to an initial position from lows), or a starter position for adding on breakout over day high... BUT this was the day after an uptrend day so wouldn't expect a second up trend day, and biotechs were beginning to turn lower (arguably) leading the market lower. As a result shorting the market into the opening high and on new highs is the strategy with better edge, despite the same looking chart.
I didn't take this, but had the exact right read, and just wanted to internalise it. It resulted in me pushing my shorts a little harder.
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