Disliked{quote} You read the situation correctly, you saw the weakness. A NS is testing the market for supply, they can and will fail. In fact a failed test is a sign of weakness. Did you notice how price never touched the high of the NS? As for the shakeout it's not a shakeout. A shakeout is designed to take out weak holders, meaning that for the traders who saw the initial strength come in and went long, the shakeout is meant to shake them out of their positions and catch their stops. Also a shakeout will be at the lows, how is this shakeout at the lows?...Ignored
Tbh, dont understand what do you mean
QuoteDislikedDid you notice how price never touched the high of the NS?