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chasel1 chasel1 VLO, D, Short ,
VLO: VLO Short Trade Idea
41 0 0
VLO, D Short
VLO Short Trade Idea

After the previous 2 high volume days, VLO has made new highs. However, it did not close with a strong candlestick above the resistance and instead put in a doji. With this location it is setting up a nice Risk vs Reward trade for the short side. Previous resistance will be the 1st profit target and will be moving up the stop loss if the trade goes in my favor.

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