1. SHOP — momentum is clearly to the downside, however it is reasonable to expect a bounce plays within the active bear market structure.
  2. We waited for a bounce opportunity in SHOP and got it after it retested the early morning bounce.
  3. Risk to Reward was set to to 1–3.
  4. In retrospect, we left too much money on the table. but it’s part of the game.

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  1. The RIVN lock period expired today and there were a plethora of sellers throughout the day after a brief spike at the open.
  2. We took a short trade after it showed a weakness.
  3. The risk was placed at the technical level, previous high.
  4. The trade didn’t reach it’s target, and we had to close it at the close.
  5. +1.68R.

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