Short Term Megaphone Clearing Out Stops
While we're still working on the market structure projections for tomorrow, I wanted to point out a pattern that presents itself at points prior to a more substantial move. These broadening formations are by nature designed to clean out the stops of both participants leaving the least amount of individuals as the more begins, but gains strength as previously stopped participants pile into the breakout/down. As you can see also by the linked idea, this is the same area that our target zone has pointed to for a number of days.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.