This is an idea that depicts Stop Loss Hunting.
Stop loss hunting during these kind of times is possible, and given the chart patterns, it seems that it's possible this is what's happening at the moment.
We are towards the last leg down, and it's possible that upon the break of this channel there will be a strong volume of sellers, but there will be a bigger amount of buyers waiting (bear trap) which will trigger a mini rally.
On the 45MIN we are in a bearish trend, which supports this idea.
Stop loss hunting during these kind of times is possible, and given the chart patterns, it seems that it's possible this is what's happening at the moment.
We are towards the last leg down, and it's possible that upon the break of this channel there will be a strong volume of sellers, but there will be a bigger amount of buyers waiting (bear trap) which will trigger a mini rally.
On the 45MIN we are in a bearish trend, which supports this idea.
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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.
Related publications
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.