I do mentioned the reason few days ago that according to this chart, Price is about to reverse,because when we see enough reasons that liquidation does not have follow through which means Imbalance ( I have discussed it earlier on the blog) has disappeared and market has break the "floor".
Even when there was effort of buying with long wick candles, it stopped on next candle with very small effort and reattempt to continue was even stronger. This is the reason that newbie traders like to buy on pullbacks, with engulfing patterns which never arrives and they left stranded.
Check my Earlier Post Here !!!
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