BBIG Continued break down of this move....Well timed fear news..Remember I said this could be the final push before the pop. Meaning lets say they have 90% of the float absorbed. (If you don't know what I mean by that message me.) The push down would break stop losses and create fomo on the bears side... If you check the volume you will see that the candles without wicks are of equal volume. the Candles with wicks are being soaked up. So very efficient reabsorption of the float. to gain that last percentage they need to carry this. Now we need volume around 10x the normal to get this moving....there are plenty of shares for them to feed to retail as it starts to move. The algo will do all of this on its own. Basically if you take wyckoff theory and add volume cycles and timing cycle to the price action you can get a clear picture of what is the main obj of the algo. When you look at the volume over the last week its nearly been almost non-existent. almost 10x slower than normal.
Now take the well timed news that was dropped. Most traders didn't know about this so that isn't the reason it didn't go up. The Algo knows what it needs to do and the news is timed and placed for it to explain why and how.....When the algo isn't able to get the last part of the float because retailers are holding.... they drop the well placed short and sweet fear to explain why the push down all of the sudden. This is just so the algo can break stop losses in the liquidity zone sitting under where price action hasn't touched over x amount of time. Once it gathers up the float it continues on its conquest to higher ground.
The push up at open yesterday was the push I was looking for but the fomo was not there and there for the volume was not either... telling the Algo that there isn't enough of the float absorbed to make it move up.
Also this sketch might be too quick for all of this to
happen as my ghost trail shows it will be more like
Tjur Feb 23 and that there will be a dip into liquidity. meaning another push to break stop losses to reacquire the float. Before moving back up.
by iCantw84it
02/18/23
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