This pattern is true, but only reflects a return to previously visited high just before the big drop. Primarily visits the initial area of imbalance for mitigation purposes. Price movement experienced after that mitigation is solely dependant on the frequency and location of imbalances created and mitigated on the trip.
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.
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.