Looking to catch a larger TF move, keeping a tighter stop as a bounce is possible. Setting short orders around $323 may present the best risk/reward, but may not get filled. This is a lowered risk play if you are looking to enter here. Waiting for the dust to settle after open is likely the smart approach though. If the market moves price down after open then do not take the trade at a less desirable entry.
Trade closed: target reached
Woo a win! Freebies haven't been hot lately. Would target near $308 as an entry if I were still looking to the short side.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.