shorted again, and stopped out

Shorted again and stopped out. momo has stalled with small candles and weak volume.

One interesting thing to note... I mentioned earlier in my first post today that the short orange line pointing to the 9:40 candle was my first reaction; I was thinking about going long. The thing to note is that the pullback from 9:55 through 10:20 am came back to that very level. Price retests the "obvious or impulse" decision areas. And those areas don't always show on a 5-minute chart. If you look at the 10:40 am candle now, you won't see the price action that caused the "impulse decions" of those traders. My guess is that a bunch of real-money traders got short at the price where I put that orange line. Like my first impulse, buyers were on the other side, the correct side of the trade and price moved up. Price came back down here, however; panicked shorts who didn't stop out gave a huge sigh of relief and covered, sending the price back up on this current leg of the uptrend.

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Trading is Gamesmanship.