OWL, Bought todays pullback with entry on smaller 5m timeframe

2021年6月11日

I bought this because the effort of todays candle does not match the result , we have a volume anomaly and I think that OWL is being manipulated today by smart money, pushing the share price on low volume so they can add. On the 5 min chart we can see stopping volume come in and selling absorbed on the following candles which coincides with the 10 EMA as potential respected support on daily.

2021年6月17日

註釋

So obviously stopped out early on this but, In hindsight, I think that we initially did witness heavy manipulation (low volume large spread down move) to start the day , then I got long, but I did not anticipate the sellers would show up to support the move down after, which they clearly did ...
I think in hindsight , this trade goes to show that it's a good idea to wait for a follow up in these situations and even a follow through day to get long ...But also a reminder of how important respecting risk is .