A textbook set-up.
1.) What did I see?
A gap down and weak first two bars. The third bar rallies but fails to close above the morning low, leaving an upper tail. The fourth bar is narrow range, an inside bar, and a weak candle.
2.) What is the entry?
A break of the fourth bar low.
3.) What is the exit?
1/2 closed after $1 gain. The other 1/2 closed at the Fibonacci extension of the previous day's high to the opening range low.
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