I would be lying if I said I am not annoyed I abandoned this $MU short.
After the print I waited about 1h30 minutes after earning annonce.
Price made a high near 1,105, weak high at 1,115.86, then a bearish CHoCH. EQH around 1,080, then a bearish BOS. Short-term structure flipped down after the highs got swept. I sold into that.
The map was clean. Supply 1,065–1,108, the origin of the turn. Orange zone 1,035–1,045, old resistance, last support, and price is testing it now around 1,034. Demand sits at 955–985, then 920–935, strong low near 902. My path was a break of orange, retest from below, then the blue order block. Sell the news, plus the capex overhang.
A few minutes later I got the feeling it wanted one more push up. I closed to wait. That was the mistake. I did not get paid for being early. I paid for not sitting.
You do not win every one. I am not chasing the missed entry.
We are so back. Next setup, not this one.
#MicronBeatsEarningsLiftsGuidance
After the print I waited about 1h30 minutes after earning annonce.
Price made a high near 1,105, weak high at 1,115.86, then a bearish CHoCH. EQH around 1,080, then a bearish BOS. Short-term structure flipped down after the highs got swept. I sold into that.
The map was clean. Supply 1,065–1,108, the origin of the turn. Orange zone 1,035–1,045, old resistance, last support, and price is testing it now around 1,034. Demand sits at 955–985, then 920–935, strong low near 902. My path was a break of orange, retest from below, then the blue order block. Sell the news, plus the capex overhang.
A few minutes later I got the feeling it wanted one more push up. I closed to wait. That was the mistake. I did not get paid for being early. I paid for not sitting.
You do not win every one. I am not chasing the missed entry.
We are so back. Next setup, not this one.
#MicronBeatsEarningsLiftsGuidance