HOOD - OOPS Reversal - 2025-05-23

Following President Trump’s social media post announcing a proposed 50% tariff on the EU, many stocks gapped down in the pre-market, creating potential opportunities for OOPS reversal setups.

HOOD had been consolidating over the past few sessions. After the gap down, the stock rebounded and reclaimed the previous day’s low—triggering a possible entry point. However, it made two failed attempts to fill the gap, signaling weakness. Given this repeated failure, it would be prudent to either exit the trade or reduce your position size to manage risk.