Disliked{quote} OXY squeezing nearly at the market close, 117, 69 giving strong clearout before a squeeze. Most likely a single handed player siding in for a Monday play to get long, targetting 118-119. FB same play, 184-5 shelf holding, buyers targeting squeeze on Monday. Took both positions of on mid-BE exit. Lets see what Monday brings. Either a cheap tickets or expensive but proper exits.Ignored
And thats how sharks play squeeze right near the gates are about to close. OXY. Along with the shorts willing to cover.
Both of setups were clearly pointing towards result, but the key is how one plays it with decent RR ratio to really execute on it with consistency.