This is what i am trying to do hear, trade the possible bear trap move. Because of the high risk i will start with a size of 25% at on of those 2 blue entry zones. If we get the lower one , i will increase on the way, if we start to break resistance levels. Otherwise i will just risk the small amount. My stop level will be around $1, while the reward can be 5 to 7 times that. If I am right, we could see a short squeeze happening next week. So risking a very small amount for a possible very big win.
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The first step of the bear trap move has been made, that we are inside the wedge again. Now we still need that counter move to the upside
I am decreasing the size a bit around break even and will use the original stop loss. So if it fails, still a small loss. I might increase again if we do really start to move up.