My favorite day trading set up

One of our favorite plays is a weak stock closing strong. Tomorrow’s play is to sell short a failed test of the previous days high. This is a trade with terrific risk/reward. The existing order flow is selling pressure and the play is for it to resume.

The ability to put in a tight stop at a significant reference point with the potential resumption of the larger time frame move makes this a great addition to your playbook.

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