TATASTEEL Daily Bearish BAT .....Ultra high volume up bars - trap of Smart Money , Higher volume- Professionals are selling into the public buying
High + volume show supply – public buying – smart money selling..As INCREASING VOLUME is present ON last DOWN BARS defines Strong sell Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY
ULTRA HIGH VOLUME for going SHORT we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR. as High volume shows interest to the upside from “Smart Money” so prices may go higher.SET UP BECOMES VALID ONLY when Price breaks ULTRA HIGH VOLUME Candle LOW with LOW VOLUMES & with NO DEMAND l.e place for short
POTENTIAL SELL