The Puppet Master in his best work.
Once you see him, you can't unsee him.
Whether you are a day trader or a stock investor, you should know where the bigger player that plays the stock intends to buy or sell the stock.
If he intends to buy the stock, the stock will eventually go UP.
If he intends to sell the stock, the stock will eventually go DOWN.
You should always have in mind the following perspective:
The bigger player AKA the Puppet Master, has unlimited amounts of money.
He controls the market. If you view the market in this way, you will get the insight that if you think of yourself as having unlimited money to use, what would you do???
- You should make an experiment in TradingView Demo, and play as if you have unlimited money. You will get a lot of insight to the mind of the puppet master, just from this experience only.
- You would try to buy out, all the other players and seduce them to sell the stock to you.
- You buy out other people, by increasing the price up by pressing on the ASK, so people will take small profits.
- You would try to shake out, using fear, to make other players sell the stock to you.
- You shake people out by stopping buying on the ASK, and only willing to buy what other people willing to sell, you have time, you know you at any time can move the stock up, no matter how hard it went down. You move the stock up at any time by pressing hard on the ASK buy button.
- Having unlimited money does not create stocks, it has to come from someone else. You need volume, so you could buy stock from weak players. As stated you have your ways of doing the above.
-There is no selling and buying simultaneously, you have your campaign of buying and then of selling. Never do both at the same time. You thinking big, making serious money from the markup and the markdown of the stock.
Once you understand this perspective, by looking at the volume, you can have a very good guess of what the bigger player or Puppet Master is doing. You see where he creates volume and where he has no volume, so he needs to respond (by buying aggressively on the ASK, and pushing the stock up).
Chart is also self-explanatory
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Stock market logic, volume analysis, chart patterns :)