{quote} TAh, I'm still no master trader (lack of discipline) so I don't post as much as I want to. But, I saw this post shortly after reading Gupito's PDFs Exploit the market, Exhaustion Volume, Sneak Into Classic for the umpteenth time and I wanted to point out what I saw. Maybe I still don't get it, but this is what I saw after reading his posts. I was hoping you, Gupito, or anyone could comment on if I am understanding the concept correctly. Many Many thanks to everyone here. {image}
Indeed, the MMs did move the price upwards. In the larger picture though, I see this as bearish, with the move up today back above the upper half number being manipulated by MMs that are bears that are looking for liquidity to fill short orders of others and build short themselves. Moving the price upwards is a good way to suck in longs to get that liquidity. You can see the notable selling bar that followed the MMs getting the price above the half number.
Of course, all of this is going on above the lower whole number, which could be a PVSRA indication of bears loading up shorts. And, you will see that on H4 (pic 2) the Dragon-Trend situation is bearish and with this retrace up not yet even being a 38 % retrace, which is (so far) a very bearish sign. You will see on H4 (pic 3) that the retrace as a percent of the most recent move down is pivotal at the FR 50%, where indecision and bear candles followed the price being pushed up there by the MMs.
Personally, I think the MMs pushed the price back up because big players have placed up there orders to open shorts, which the MMs are filling ahead of coming releases, and that the MMs themselves are accumulating short positions. I could be wrong, have been before.
-tah
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This is not Sonic!
