$SNDK fell 22% in one session on Nov 5, bounced, then rolled over again. I'm bearish, but I'm not shorting here. I'm waiting for a bounce back into the zone where the selling started. Why not now? Price already sits in the lower half of the recent range. Shorting into a discount is how you get squeezed. After the flush, the bounce stalled just under an unfilled gap left by the selloff and slid back. What lines up: - Daily, 12h and 4h trends all point down. - No bullish divergence yet. RSI made new lows together with price. - Three of four technical methods lean short, and their plans cluster in the same area. The ICT read: the last up candle before the rejection left a sell-side order block. The 62–79% retracement of the recent range and the 4h 20 EMA sit inside it. Above that, two unfilled downside gaps stack up, so resistance thickens the higher a bounce goes. Where I'm wrong: a 4h close above the bounce high flips 4h structure up. My stop sits just beyond that liquidity. Risks: thin weekend trade means Monday's open could gap straight past the zone. CPI around Nov 10 and the 8-for-1 split timing can amplify swings. Published by YTIlab · OMNISIGHT REPORT Not investment advice. All decisions and responsibility are your own.
Trader SteveShare

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