Bearish Alt BAT Strong POTENTIAL REVERSAL ZONE Pattern given good reaction on Type1 entry & hit Target 1 and it formed exactly at Daily & 4HR Resistance .RED & GREEN HORIZONTAL LINES are DAILY & 4HR RESISTANCE.Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY..Ultra high volume up bars - trap of Smart Money.. Professionals are selling into the public buying – Higher volume. Professionals have no interest to the upside – low volume. ULTRA HIGH VOLUME for going SHORT we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR.Price breaks ULTRA HIGH VOLUME Candle LOW with LOW VOLUMES & with NO DEMAND l.e place for short POTENTIAL SELL
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.