This Monday on 7th Nov, we had huge gap up opening in BNF but follow up was missing. Immediate repeated rejection @ VWAP indicated no follow up by Bulls. Hence went on PE side. Once 200 EMA was reached, Bulls had immediate bounce. It was a kind of trap for bears to inflate PE prices for them to short it at higher prices. Entered on both PE & CE side & overall an excellent day.
My Trade Entries on 7th Nov 2022 highlighted in candles.