My next play was in CREE short which was another nice gap down play that I shorted the first 5 minute sell setup. I zoomed down to the 2 minute chart for the entry just after 10 am but once the market started to rally I found myself exiting CREE early. I made a big mistake here, this could have been a huge trade that I would have been in all day long. Even though the market was rallying, CREE continued to drop the rest of the day. I think this was a good case of over thinking the bar charts too early in a trade. Here is my chart for my short play in CREE…
CREE1