Market bottomed out last time around 520 and this time around ~ 720. During the recent fall RSI bottomed out and this is the first swing high. Market tested 736 multiple times and moves higher. So took a small position at 790 with 736 as stop. Will average down the buy until 750 as market allows to reduce the risk.
Trade active:
Added some more
Trade active:
Additional comments - averaging down in a normal trade only increases loss and risk. However in this case, I am willing to take this additional risk.
Trade closed: stop reached
a236z