If you look at a tick chart for any security, price action is bizarre.
There are “V” and “” motifs, with buying sequences initiated at different price points.
It literally does not make sense that buying would take place at any price above a clear bottom.
The types of market participants whose buying causes actual moves would not add to positions at random price points.
Additionally, two days in a row in the afternoon the market all of a sudden decided to sell?
Again, any smart person would not have sold if they bought near the top, and no smart person would sell as it’s tumbling (because a smart person would either be truly long beyond a day and/or wouldn’t initiate a position on a fake day).
There are two possibilities:
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Price action is real. Somebody explain it.
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Price action is fake. Somebody explain who/what/why/how price action is manipulated.
Should I approach price action as if a room full of illogical people are pressing buttons?
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