At this point i'm seeing everything I want to see.
Just waiting for the news to spike down below the yellow zone. If I was a market maker that wanted to go long I would:
Trick retail traders to sell during the news and I would hold price below that yellow box they are looking at as support. There is also a triple top.
While they are selling i will be buying, at the price I need to buy at (red line). This will allow me to add a large position without moving price too much.
I need retail shorts to fulfill my buy orders.
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Looking for a spike down, then price to climb above the yellow zone again between 8:45am-9:30am.
I don't have a crystal ball, I just try to see things different. I could be wrong. This is just my analysis.
Just waiting for the news to spike down below the yellow zone. If I was a market maker that wanted to go long I would:
Trick retail traders to sell during the news and I would hold price below that yellow box they are looking at as support. There is also a triple top.
While they are selling i will be buying, at the price I need to buy at (red line). This will allow me to add a large position without moving price too much.
I need retail shorts to fulfill my buy orders.
_______________________________
Looking for a spike down, then price to climb above the yellow zone again between 8:45am-9:30am.
I don't have a crystal ball, I just try to see things different. I could be wrong. This is just my analysis.