This is interesting. That price plunge after the close of the US session was the second largest price run on the M30 chart for the past five trading days.......the second largest run in 30 minutes for an entire week of trading, and on negligible volume compared to all the other largest runs!
"FOUL" play, indeed.
If this follows the course for large, quick moves on light volume, then the price lows will not hold. Of course, this makes sense if the thinking was the price went down to take out stops, i.e., steal long positions. What would the point of that be if the grand plan is to keep the price going down? Anyway, not to predict......dangerous.
"FOUL" play, indeed.
If this follows the course for large, quick moves on light volume, then the price lows will not hold. Of course, this makes sense if the thinking was the price went down to take out stops, i.e., steal long positions. What would the point of that be if the grand plan is to keep the price going down? Anyway, not to predict......dangerous.