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Today we look at BABA on the 2 minute chart. Clay lays out how he would trade a rubber band alert where the ticker is stretched to the upside. Therefore, we are looking to find a logical entry to short. The purpose of this example is to keep it very simple and clear to see. We discuss reasons that would nullify our trade as well as explain why we are looking for an entry at a specific price level. Consolidation will nullify our short trade idea as that would imply it is building steam for a breakout. After polling the room for entries and stops we scroll the chart and see that some get filled and some get stopped out but essentially BABA collapses. Now everyone chooses how specifically they want to manage their winner. This webinar is a great example of what Clay personally looks for in a rubber band trade.