EURUSD_08.12.22 - Italian Bank Holiday
Studying the behaviour of Price around...
a) Equilibrium (50%) of Wednesday open consolidation (now holding as support),
b) *sellside liquidity being engineered by way of consolidation (accumulation) at Equilibrium (50%) of displacement leg,
c) waiting for manipulation lower - price delivered below that consolidation to take out early buyers plus, trigger sellstops that become market orders to sell at the market place... EXACTLY where market makers will accumulate long buy orders.
a) Equilibrium (50%) of Wednesday open consolidation (now holding as support),
b) *sellside liquidity being engineered by way of consolidation (accumulation) at Equilibrium (50%) of displacement leg,
c) waiting for manipulation lower - price delivered below that consolidation to take out early buyers plus, trigger sellstops that become market orders to sell at the market place... EXACTLY where market makers will accumulate long buy orders.
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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.