Friday morning, it opened higher but I left my stop above 12..6 after booking partial profits. It didn't take off so I waited for a retest of the open around 12, resold the shares I had covered and doubled down with a new stop just above the High of the day (similar area to arrow #4). This was confirmed by the low with arrow #5 that it was not a strong move upward. You don't ever want to average down (or up on a short) you want to add to the trades that are going the way you want them vs. to losers.
It had a pretty good bounce there on decent (but not super high) near #6. Knowing it would retest, again, I didn't chase it. I waited for it to come back on low and sold ITM Puts. Buying options is a tough way to make $$ but selling them is a great way to hedge and take profits.
The next day, I did nothing, everything was working well. Then came today, March 13. It had been working well so I was looking for a pop to add sell some more shares short. There is a down around 11 that isn't on the chart that should have some resistance so I had planned to buy a pop and hedge or sell down below 11.25. I added to the short aroudn 11.70 the second time (rejected the firs time, then retested) with a stop around 11.80. Then all hell broke loose and it dropped like a rock. You can't see it but the bottom wick near #8 goes way down into that huge bar. That showed stopping and a rejection at lows. The and the rejection indicated there was a high probability of this thing going up. With that much and the rejection (strength), I covered 1/2 of my short into the strength and hedged the other half selling ITM puts. As you can see, it was a huge bear trap as it dropped like a rock. Then it came back at the end of the day to trap bulls.