Draw a descending trendline and the support area to see the descending triangle forming. Take your short position and put your mental stop above the high of day.
The close price of two days ago usually acts as support area.
Initial move up on high volume.
Second move up on high volume with flag building.
The trendline can get retested and now acts as support which is an even stronger indicator, that this stock will go up.
Initial morning sell-off on high volume.
VWAP is starting to show resistance so our plan is to short right below VWAP.