credit to @samitrading for inspiring this idea.
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you'd think they'd make this easier for retail,
but market maker has 1 job
🔻
to provide maximum financial loss for retail.
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when complex corrections like this take place, the majority of retail get slaughtered.
we call them call squeezes -> to squeeze longs out of the markets \ provide bearish liquidity for mm.
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projecting a retest of the local range of about 4670ish before this drop comes,
also possible we've topped out.
looking for about 4550~4500 as the bottom of this correction, before resumption to the upside.
-----
you'd think they'd make this easier for retail,
but market maker has 1 job
🔻
to provide maximum financial loss for retail.
------
when complex corrections like this take place, the majority of retail get slaughtered.
we call them call squeezes -> to squeeze longs out of the markets \ provide bearish liquidity for mm.
------
projecting a retest of the local range of about 4670ish before this drop comes,
also possible we've topped out.
looking for about 4550~4500 as the bottom of this correction, before resumption to the upside.
Komen:
:\
Komen:
going deeper ~