A trader breaks down a chart setup using aggressive stops near wick lows, negative delta, and low-volume nodes to confirm entries. He sizes for a 40-point profit target with 15-point overnight risk, closing before market open.
This is a plus setup. When I see something like this, I want to put a sell stop right here to go aggressive because this can actually liquidate down. What I was looking for is price to come down and really lack follow through on the downside. Okay. And come back in the range. If this really falls, I don't want to get aggressive with that. It could really, really like dump. Yeah. I wanted to see it come down and reclaim that zone and see what happens. We broke under. We created the wick. This is lack of follow through to me. Yeah. 700 negative delta. We broke under. So more selling came in, but price is not going down. So some new buying came in. This is where I would enter. I would put a stop just below this wick low. So I'm just targeting that high. I would sell at the high and I would trail it. Get in here. Look at the squeeze. Look in the low volume node. Look at the cluster built out. You're out at the highs, 40 points, risking 15 overnight. You're done your day even before the market opens.
