This write up is an extension to this post :
The concept is when the price on Tuesday or Wednesday broken and close above the Monday high, generally that potentially could be the "anchor" /high of the week hence the intraday trend of that week will rooted from this. Vice versa. Of course, this doesn't happen 100% of the time but it happens repetitively. Usually, this block (Tuesday-Wednesday) is, very often, the "final stage"/"final push" from the institutions with their price-fixing/stop hunts/liquidity hunt. It tends to extend until Thursday or Friday but generally, those block (Thursday-Friday) tend to be a profit-taking day for the banks
The concept is when the price on Tuesday or Wednesday broken and close above the Monday high, generally that potentially could be the "anchor" /high of the week hence the intraday trend of that week will rooted from this. Vice versa. Of course, this doesn't happen 100% of the time but it happens repetitively. Usually, this block (Tuesday-Wednesday) is, very often, the "final stage"/"final push" from the institutions with their price-fixing/stop hunts/liquidity hunt. It tends to extend until Thursday or Friday but generally, those block (Thursday-Friday) tend to be a profit-taking day for the banks
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.