I like the way forex-live called the stop hunt on the U/J, but they are probably close to being right on. after that huge 4hr candle drained the stops in a hurry, a lot probably jumped right back in only to be eleiminated by this last knee-jerk move down.
the keY here is this spike was on almost non exsistant volume. This is a sign that buyers are flooding the market.
the keY here is this spike was on almost non exsistant volume. This is a sign that buyers are flooding the market.
Please do not vouch for me.