Just how i see it:
1. Break below chanell and small double bottom - give possibility for all to sell this pattern like from book.
2. Just after everybody sold - we will visit their stop losses, what will give enough liquidity to sell as planned.
3. When target will be reached, traders will add their long positions and will be strong up move.
1. Break below chanell and small double bottom - give possibility for all to sell this pattern like from book.
2. Just after everybody sold - we will visit their stop losses, what will give enough liquidity to sell as planned.
3. When target will be reached, traders will add their long positions and will be strong up move.
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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.