large penetration of support line
sudden increase in volume
Candle that penetrates the zone of liquidity and that returns practically the totality of the move in 1or2 candles
Terminal shakeouts is used to define movements with much deeper penetration and with higher volume
2/X
If after the breakout of the lower part of the structure,price fails to stay below(we are currently here)and re-enters the range again,it denotes strong puchase entry and adds greater probability that the breakage is false and that the Spring /terminal shakeout is developping 3/x
Shock functions:
Kick the smarts of the market: market structure is destroyed, they thus abandon their positions
Expelling the feaful: kick the weakhands out before the move
$btc
Just trying all the possibilites here, but maybe a similar scenario as March 2020 Covid crash:
-Range,
-take the highs, SFP (fuck the shorts stops, fuck the breakout traders)
-take the lows, SFP
-Finally able to go up
🔨
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We've seen past months that those expiry are starting to have a bigger and bigger impact as Options OI is growing fast
(i would love to have historical data for Max pain for each expiries, tbh)