MRVL PUT +$5.82 (+68F) held 120 minutes — bands compressed pre-E1
MRVL PUT entered E1 at 10:40am ($190.27) and exited at 12:40pm ($184.45) for +$5.82, with no E3 range extension and only $1.13 given back from peak. Z3 activated bearish at 10:50am (2 bars after E1), DI- won at 11:25am and Kijun flipped at 11:40am; control ratio 84% with peak MFE +$6.95 at 12:20pm.
MRVL put E1 printed at 10:40 am at $190.27 and closed at 12:40 pm at $184.45 for +$5.82, with the general holding for 120 minutes and a control ratio of 84% versus the $6.95 max MFE at 12:20 pm. Z3 activated bearish at 10:50 am, two bars after E1, stayed favorable for all 9 cape bars recorded, and peaked at -3.06 at 12:20 pm. Structure was aligned from the start: E1 was above the IB high, a bear volume anchor was set at 10:15 am with no bull anchor below, bands tightened from 10:15 am to 10:20 am, DI- took control at 11:25 am, the Kijun flip came at 11:40 am, volume built again at 11:15 am, 11:45 am to 11:50 am, and 12:15 pm, and there was no range extension below the IB low. Pain was low: the entry was clean, there was no meaningful adverse close before the trade reached 10F, and only $1.13 was given back from peak to exit. Clean campaign, efficient hold, and worth the time even without range extension.