the HANS short Squeeze.
You could have followed it courtesy of the Fly.
First the Daily. Notice the gaps (on lower volume) culminating in a high volume NR7 bar at the end of a triangle pattern.
the 15-minute. A high momentum morning gap up starts the short covering, aka GMTFO (get me the F out). Price rests right on a resistance trend line, but only until the next session, eventually retracing 62% in 4 days. Remember the $21.40 price level as future support, if we see it again.
The setups I include on this blog are used in conjunction with the 3/10macd and the criteria I ascribe to it as a way to alert me to an existing condition of price. The key concept to take away from this blog is that I try to anticipate what will happen on the higher time frame by using a faster time frame to trigger the trade setup. I do not trade a "system" I use two indicators to clue me in to price conditions. Please read the Disclaimer located in the sidebar of this site. I can be contacted via email at email@example.com
I am always open to questions, comments, or suggestions on how to improve this blog.