When the market closed on Wednesday the Daily closed with an inverted hammer which translates into an evening star formation on the four hour time frame. The 1 PM pre thanksgiving early close hardly saw any volume; however a spinning top closed below the counter trend line and the T3 on the one hour time frame. The 6 PM Eastern Standard Time Thanksgiving Day open came with fresh fears of lock downs because of the new COVID strain Omicron. 15 minutes into the trading day we saw a bearish engulfing and a counter trend line break on the 15 minute frame. Considering All these bearish sentiment we decided to sell the market, entering with a 6:1 risk to reward ratio. The trade was successful. When our take profit limit order was hit we exited the trade with a profit of $1,500 after risking only $250.
