Prior Day High Retest Failure Short
Morning analysis had me looking for a long trade but off a pullback into the overnight distribution. Crude Oil did pullback but not nearly enough as it continued to trade on the 24hr session value high. Yes maybe that is the signal to a bullish breakout but many previous rejections above had me sidelined.
The short came in as prior distributions on December 14th and 15th highs could not be reached and saw early profit taking on the move up. Short moved 35 or so ticks but got out early for +10 ticks as 64.40 held as support before it dropped further.
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