Question if I may. The 1st RET happens essentially within the pre-market range, so was this a concern? Of course each subsequent retrace was just as good on the way down, but from looking at a narrow view, price tried to go higher after the open, and it failed, but then dropped back into the range.
From a longer term perspective as you pointed out, having hit the top of this channel (which is within the bigger channel of the past year), were you therefore more inclined to look for any reason to get into a short, and hence this range was of no concern to the bigger picture? Other days, dropping back into a pre-market range would I think require waiting for an exit first, so did context today perhaps override this? Or perhaps I'm putting too much emphasis on this pre-market range all together.
(Of course even before the pre-market range formed, price tried going higher and couldn't, instead settling into this range, so this second attempt to go higher after exiting this range and failing was essentially a double top and failure to go higher twice... so this may also add to the go-ahead to short within this range)
I guess I'm just asking if there was some order to what you might have been looking at today and if one thing would take precedence over another.
