The Power of 3
1.) ACCUMULATION - Over the past few weeks price has been Trading within a range accumulating Liquidity above and below the market. We been in a bearish orderflow within the Accumulating range along with a new day opening gap sitting below the range.
2.) MANIPULATION - This week price finally displaced below the range taking out all the sellside liquidity triggering the sell orders from all the traders that went long and placed their stops below the swing lows. When those sell stop orders get triggered the Institutions the big money is on the other side of those sell stop orders pairing them with their own buy orders allowing them to buy at discounted price below the market.
3.) DISTRIBUTION - Price then explodes bullish to attack the top side of the Accumulation range to take out Buyside liquidity to trigger buy stop orders from traders who went short and place their stops above old highs. The big money is on the other side of those buy stop orders pairing them with their own sell orders selling what the bought at a discount.
On the Manipulation price repriced to a new day opening gap then immediately rejected. It appears price is drawing to a new week opening gap around 4200. This nwog was created on 8/22/22 but, were at the top of a major institutional swing high so I'll be anticipating a bearish reversal sometime this coming week to start a major bearish run for rest of the year.
2.) MANIPULATION - This week price finally displaced below the range taking out all the sellside liquidity triggering the sell orders from all the traders that went long and placed their stops below the swing lows. When those sell stop orders get triggered the Institutions the big money is on the other side of those sell stop orders pairing them with their own buy orders allowing them to buy at discounted price below the market.
3.) DISTRIBUTION - Price then explodes bullish to attack the top side of the Accumulation range to take out Buyside liquidity to trigger buy stop orders from traders who went short and place their stops above old highs. The big money is on the other side of those buy stop orders pairing them with their own sell orders selling what the bought at a discount.
On the Manipulation price repriced to a new day opening gap then immediately rejected. It appears price is drawing to a new week opening gap around 4200. This nwog was created on 8/22/22 but, were at the top of a major institutional swing high so I'll be anticipating a bearish reversal sometime this coming week to start a major bearish run for rest of the year.
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Disclaimer
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.