Playing off a bank manipulated candle that stopped out a RETAIL W PATTERN. I am aiming for Equal Highs which is known as resistance to the retail trader. Stop losses are sitting above that resistance and big money wants to go get it. First they have to go breakeven on that candle that fucked over the W so we long from there ;)
I was in a LONG and I was aiming for the Equal Highs (which everyone knows as "resistance"). I got out early just cause. I should have seen that there was news this morning cause then I would have had the confidence to hold this trade. News was used as the excuse to push price up to an OBVIOUS place where people have STOPLOSSES at. the news btw was a fed...
All on the charts. Whenever I draw W, M, HEAD AND SHOULDERS, ECT... I always draw them GREEN, then when price goes THRU the green light, I make it RED which means a retail pattern triggered peoples stop losses. We wanna buy when the W that people had ALLLLLL WEEKEND to look at, gets fucked.
noticed liquidity was formed under an IC. A head and shoulders RETAIL PATTERN (WHICH IS THERE TO TRICK YOU) was printed at the EQUAL AREAS. Its a Valid IC because the move was 140 pips on the forced candle down. And after that, BIG MONEY got behind the move because we see evidence of them sponsoring the down impulsive market move. The IC is also sitting in the...
This H&S RETAIL TRADER PATTERN will get fucked over by showing LONG but really going back short before really going long. Money is sitting in that green box in there form of STOPLOSSES. Big players are going to move price to that green box then go long to touch the other green boxes on top.
