algos buying
i think that it was algos buying off the .786 level that pushed the price up, doing what they are programmed to do. Plus joe public seeing this increased the price.
Now we can see there is no volume at all, I wonder how the algos are selling, probably peacemeal, obviously programmed to sell at the .386 level.
I suggest they may do the same again at the .786 level ,but may not get as much enthusiasm from Joe public this time.
Just a thought, not investment advice. Cheers.
Now we can see there is no volume at all, I wonder how the algos are selling, probably peacemeal, obviously programmed to sell at the .386 level.
I suggest they may do the same again at the .786 level ,but may not get as much enthusiasm from Joe public this time.
Just a thought, not investment advice. Cheers.
Note
sorry, meant the .382 level, but fib retracement in reverse of course.
Clause de non-responsabilité
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.