Compression Breakout : Trade Review : HCC

This was a massive 10x trade that I entered 1 minute before it broke out. This is an atypical setup, because previous level interaction which ended just after 10am was a see-saw. Looked like the seller(s) won.

This does not matter when you have a level established by highly compressed candles like you see preceding the breakout.

I think this should be an example of high potential setup based only on last 2-3 1m candles. When compression is this strong and this obvious, history might not matter.

In a nutshell, what I think happened is that the seller that managed to push this instrument down in the morning got taken out by a larger buyer. I have no idea if it was a short cover buy, but the seller was still there briefly and then he wasn't. You can see his position getting bought at massive volume (small candle) at 10:22.