Pushing all the shorts out of the market, taking their money, luring buyers again in, taking their money too at the 9800/10000, than we drop again while:
-Many shorts positions have been chased out of the market and earning money from the people who shorted it at the lows.
- AND they have taken money from buyers again who bought at the breakout.
-So now the whales (who bought the market up from the 8300 up), made a big profit from the wave up. AND they have chased money short positions out of the market and making the wave down, WITHOUT them :).
It's quite the theory, time will tell :). But it's weekend now, is lower, manipulation is easier to take those directions. Perfect weekends sideways action, i have talked about many times now
I am still flat since i closed my shot position around the 8500. Maybe i will go long around the 9000, but only a small position, because it's a risky trade against the (down)trend. I will probably build up a big short position from the 9700 up to the 10.100. But of course better judgment at the moments it self.
--For new readers, more info at previous charts
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