Markets have done 9% +/- which is "weeks-months" job in one day. Intrady pivots are squashed as we can see on the chart looking like markets traded to S12 level which is extreme abnormality. Markets are oversold after selling in light volumes.
Markets are showing Inverse H&S and closed at pivotal supports. I consider the market action as a big manipulation as there wasn't any factors which we didn't know about.
Just smashing job after the last week 17-20% +/- gains from 11/21 low. 50%-62% +/- retracement in one day formed a potential inverse H&S. Qs almost closed the gap to downside, and now we have upside gaps.
No comments:
Post a Comment