crude oil AGGRESSIVE initiation
There is a few days down trend which started after 5 days consolidation between price 66.06 to 67.76. One more thing convinced me for short level from price 65.04 there was AGGRESSIVE initiation activity!!
Agressive initiation activity is basically a significant price movement or a trend. it is caused by aggressive sellers who are pushing the price lower. This sort of aggressive selling often takes place after sideways price action activity. What happens is that BIG INSTITUTIONS are building up their positions ( in sideways areas ) and when they are done with that, they start aggressive selling to manipulate and the move the price in any direction they want.
THIS IS HOW THEY MAKE MONEY!
Agressive initiation activity is basically a significant price movement or a trend. it is caused by aggressive sellers who are pushing the price lower. This sort of aggressive selling often takes place after sideways price action activity. What happens is that BIG INSTITUTIONS are building up their positions ( in sideways areas ) and when they are done with that, they start aggressive selling to manipulate and the move the price in any direction they want.
THIS IS HOW THEY MAKE MONEY!
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