As most of you may not know, Real-time data Nasdaq shows being managed by Smart Money, as it accumulates positive or negative, they know how things will turn out to their advantage as NYSE reopens. Keep in mind, NYSE US index 100 are the top 100 large U.S. businesses which has smart money also in many of those stocks, all summed into one therefore I say, all chart patterns made by traders can go against themselves because SM sees what’s being displayed in the open public and what traders expect, SM will manipulate.
FYI- what they can’t manipulate are Volatility Contractions and Contractions like the above displayed in my chart. The white rectangle with horizontal trend line are the contractions and VC is displayed above the candle. All must be met by means candles always goes above the contraction white horizontal trend line. But first after a contraction there’s usually a dip then a rise.
Remember, I won’t stop stressing out saying there is a Gap at 25k. Just be on the look out.