Classic Example of development area
This is a clear example of what smart traders are eyeing and their "existence" in the market and they are driving the price high and buying at low levels as I "explained" in my yesterday chart.
Take a look at this "Imbalnace" and this chart tells you that there was strong activity to move the price high and price spend most of the time near the highs Of An Intraday .
Strong rallies to the downside could be a part of "liquidation trap" and strong momentum force to cover short term traders and enter long and pick nice profits.
Take a look at the chart below and it explained the activity
This type of intraday activity is quite normal and we should only look for logics rather than mere observations, Because trading is all about logics and consciousness and where we can use small stops rather than looking for predetermined direction assumptions.
No comments:
Post a Comment