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MARKET MAKER
THE IS A WEDGE PATTERN WHICH HAS BROKE ABOVE AS AN INDUCTION TO THE WRONG DIRECTION. AN M IS CREATED AND AN A REVERSAL IS EXPECTED TO HAPPEN AGAINST ALL THOSE THE FELL FOR THE TRAP AND BOUGHT AT THE BREAK ABOVE.
THE IS ALSO A BREAK ABOVE THE RECTANGLE AND A RETEST TO INDUCE PEOPLE TO BUY AND THE MARKET WILL REVERSE AGAINST ALL THOSE BUYERS AS IT WILL FALL AND HIT THEIR STOP LOSSES AND TAKE THEIR MONEY.
THE IS ALSO A BREAK ABOVE THE RECTANGLE AND A RETEST TO INDUCE PEOPLE TO BUY AND THE MARKET WILL REVERSE AGAINST ALL THOSE BUYERS AS IT WILL FALL AND HIT THEIR STOP LOSSES AND TAKE THEIR MONEY.
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