Hi,
I am a relative newbie and would like to ask if someone can explain to me in fairly simple terms how this type of thing happens in the market. I have seen this sort of thing often when back testing over old charts. It is about 1hr 20 mins into New York session, 29th Oct last year on 5 min chart. I don't believe it is news related.
How can the institutions push price up like this then back down to finish below. Obviously market manipulation but how and why (stop sweeping?!).
Thanks, all answers welcome (I think)
I am a relative newbie and would like to ask if someone can explain to me in fairly simple terms how this type of thing happens in the market. I have seen this sort of thing often when back testing over old charts. It is about 1hr 20 mins into New York session, 29th Oct last year on 5 min chart. I don't believe it is news related.
How can the institutions push price up like this then back down to finish below. Obviously market manipulation but how and why (stop sweeping?!).
Thanks, all answers welcome (I think)