Hello, everyone, who earns this hard bread. ))
So, we have formed a triangle like this (many respected traders have noticed it).
Now ask yourself, why should the manipulator allow to open someone large short right from this point, if it is so obvious?
But at the same time, we see all the weakness in the market, not allowing us to say that the true bottom
of the decline has been found, where the REAL ACCUMULATION will take place by the next period.
What could happen here?
A false breakout of the triangle upwards, and quite strong, so that many market participants would believe the reversal.
After that, it would hit either EMA200 level and rapid down from there.
Why do I even think about it?
Manipulators like to liquidate stop losses of short positions first, and then liquidate long positions.
Make money both ways.
What I am writing now does not follow from the analysis of Ichimoku pattern
(since the cloud now allows movement in both directions, it has not yet gained unambiguity).
I'm just trying to get a gut feeling of what's going to happen.
I don't know how to profit from it (yet), but maybe EMA200 on
1-day chart will give me the answer in the near future.
But only if I guessed the intentions of those who have enough money to manipulate.
So, we have formed a triangle like this (many respected traders have noticed it).
Now ask yourself, why should the manipulator allow to open someone large short right from this point, if it is so obvious?
But at the same time, we see all the weakness in the market, not allowing us to say that the true bottom
of the decline has been found, where the REAL ACCUMULATION will take place by the next period.
What could happen here?
A false breakout of the triangle upwards, and quite strong, so that many market participants would believe the reversal.
After that, it would hit either EMA200 level and rapid down from there.
Why do I even think about it?
Manipulators like to liquidate stop losses of short positions first, and then liquidate long positions.
Make money both ways.
What I am writing now does not follow from the analysis of Ichimoku pattern
(since the cloud now allows movement in both directions, it has not yet gained unambiguity).
I'm just trying to get a gut feeling of what's going to happen.
I don't know how to profit from it (yet), but maybe EMA200 on
1-day chart will give me the answer in the near future.
But only if I guessed the intentions of those who have enough money to manipulate.
Note
As I drew it, but a significantly weaker exit from the triangle. However, the collapse downwards is consistent.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.