Uc comment: Many crazy whacking.. too many anomalies volume candle.. the reversal would be big.. Still waiting for reversal.. just my opinion.. welcome to critic.. {image} {image}
bolehbah69,
I agree with you whole heartedly. The reversal should be dramatic,......fast and furious,.....and likely starting in a surprise moment when no one is expecting it. The Robber Bank MMs have worked this for weeks and more and more aggressively of late. Absolutely every rise in price has been countered with a horrendous beating back down and lower. The MMs are shaking out every last long that they can. The problem, one we encounter on every trade every day, is that we cannot know what the MMs will do next. We cannot know how they will manipulate the price next. We cannot know when the trend will reverse. What we can know is if the MMs are bulls or bears, and if they are moving the price accordingly then we have a better trade.
In this case, yes they are bulls, but they continue to whack the price lower for more liquidity to get their longs filled. They are one thing, and the direction they are moving the price is opposite. Long trades have been decimated. Short trades have been of puny profit.
But when the reversal comes, the price should eventually climb a long way back up, especially since the MMs have whacked it a pretty good way down!
-tah
