Triple top, enticing sellers to go short, banks will hit their stop loss at entry which follows up on a institutional candle from before, current bearish engulfment shows retail traders there’s hope for sell, SL will get hit at entry then ride it back down. Banks also break even at entry.
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.