- Bar 1 -Bulls pressure decreases.
Bar 2 & 3 - Retail Profit bookers push down the price.
Bar 4 & 5 - Bulls strength unable to push through.
Bar 6 - Smart money force sell off and absorb the to increase the demand and increases the bull strength.
Bar 7 & 8 - Demand increases and bulls build up stength.
Br 9 - SM flush out the profit bookers and absorb the .
Bar 10- Retail Profit bookers coming again
Bar 11 - Bulls pushes the price further.
Bar 12 & 13 - Bears coming back with more strength.
If SM have initiated the sell off they will open the price high tomorrow to flush out the bulls and to take the price further down.
If retailers have initiated the sell off, the price will open low and SM will absorb the the same to move higher.
Plan intraday trade according to the opening and/or follow us for intraday strategies.