Short at 97.5 or higher
If Gap down below 97.5, wait for pullback.
if gap and run, do not chase, let it go.
This is a trading school homework. I make no promises or guarantees of earning.
I need next 6 months to practice my trading plan, and learn from my teachers continually.
If you like it, thank you for your support. Please use SIM account to try it, until my trading plans get high winning rate.
In real trade, I use options. Using Option allows me to set my stop behind next fresh demand/supply zone, to avoid being stopped at the same price as other stock traders.
Sum of my ideas: 1 winner, 0 loser, 1 active, 1 cancelled, 6 pending for condition, 1 analysis only.
This shows 40-50% of a trend;
Next range will be the other 50-60%.
Who wants to catch the next range, needs to use smaller time frame, 5 or 15 minute, to define smaller waves.
Everyday could be a big up/down.
I would stop short term trading next week. Once I can verify the big trend, I will join again.
For new traders, better do not use 15 min chart and below 15 min. It is too easy to be stopped.