Playing the fade

- Market opened up with not major catalyst news
- The authenticity is questionable
- At 400 a psychological price level where price was also rejected
- Gap caused a candle pattern to form Abandoned Baby Top
- Price falling beneath vwap
- Price crossing below the 8 ema, 5m chart
- Price crossing below the opening price signal
- Heavy wicks at top suggests selling pressure
- Looking to play the fade "if" price crosses the opening price signal
- Looking for either a complete or partial gap fill
- This is a more aggressive type of trade
- Entering with a smaller than usual position size
- This type of trade is a short-term trade