ASML - Nailed our short trade! How, Why, and What now?If you watched my video on why I was shorting ASML last week, you'd be quite pleased with the subsequent dump. This wasn't luck - this was understanding the algorithms, the basics of market dynamics and supply and demand, and doing what we do best - sniping a good entry to allow the HTF algorithms to be in control.
Let's keep this momentum up as the market and individual equities continue to offer us excellent trade opportunities!
If you haven't watched my SPY video that I just posted, please check it out as it's extremely important to keep an eye on the broader markets as a gauge as to when these liquidity builds might be happening and to understand if the market's movements are just that, liquidity building, or continuation.
Happy Trading :)