Disliked{quote} The funny thing my friend, is that we can both be right xD. I totally agree with your thoughts, there is a pump&dump in that zone, but I see that as a closing shorts zone. They are closing the shorts, hiking the price up and once they are again in the 100.75-100.50 zone, they start to close shorts. All this is pure speculation of course. And for me this is the medium phase of this, they did not finish to close their orders and they could do this again below 100.50 as well. I entered my first long scout because I like the zone and the price...Ignored
We might be onto something here, Tymedu. Another key regarding analysis. You are right about the fact we need to see how this turns out, but what I am referring to is ......
.....when is "stopping" volume the kind that forebears a good reversal of price (bears to bulls so to speak), and when is it just a matter of the MMs not yet wanting the price to go lower (bears wanting to hide the fact they are bears)? I am not sure if there is a distinguishing characteristic. This is certainly an interesting case.