CLS Short again on overextended buying

Weekly analysis:
- Huge move up, broke resistance at 160 and instantly went to penetrate 165. Move is too fast without resting
- Topping tail
- Good move down to 1.1 R without much resistance


Daily analysis:
- Nice long topping tail with decent volume
- 2 Huge green candle up not much resistance going down


Intraday analysis:
- End the day with a inverted hammer with decent volume (bearish)


Main concerns:
- Volume on the topping tail candle today is not a stand out volume, just slightly higher compared to average bearish volume
- Counter trend trade, unable to have bigger targets. Stick with 50% retracement to be safe which is about 1.1 R