MRIN had no dilution, had no reason to try to short this frontside. I waited and waited all prior days, because I have rules that I follow.
I explained each day in #Smallcaproom (dm for info) why it was not a short but only dips to go long.
I have certain parameters to look for backside ( watch the video=
Once those parameters are met I need only to take my entry at my setup and wait.
Having a system tested in years, having tracked and using it successfully during years it gives you an edge.
No backside till 200ema on 5mins chart is broken on these grinding swing stocks(yes only on these).
No backside if I don’t start seeing rejection of my fib emas, once that situation happens, the A+ scenario tells me to get in
Trading live in Smallcaproom, trading big and small caps, stocks and options.
If you want to learn setups, tape and volume analysis to become consistent in markets, dm on twitter https://twitter.com/jtraderco