Indian Energy Exc Ltd.
I tried to analyze deeply how and why Smart money gave this fall and reason behind this.
Timeframe used here is --- 30 min
Here i saw Power of 3 concepts, Accumulation, Manipulation and Distribution
I would like to discuss in short about the happening in the share price ---
1. Accumulation phase ---
Multiple Liquidity sweeps and consolidation formed a retailer's trap between 185-201 levels
(It took 50 days into consolidation and hovered in 15 points {185-200} )
2. Manipulation phase ----
Retailers trapped during the breakout followed by a fake out reversal.
Price made 2 times rejection from 30 min time frame FVG + Order block levels
3. Distribution phase -----
Price started rejecting HTF POI and started sharp sell-off.
Here we can understand that smart money exited positions and made sell-off.
Also, we see today price made a low exact at the level where Gap Imbalance was created.
here we can also see that, today in a single day price moved from 214 to 188.
Anything rests, Explained in the chart itself.
Expectation for next move ----Potential upside from 172-175 levels.
(Views are only for educational purpose. Do not consider it as an investments planning.)
I tried to analyze deeply how and why Smart money gave this fall and reason behind this.
Timeframe used here is --- 30 min
Here i saw Power of 3 concepts, Accumulation, Manipulation and Distribution
I would like to discuss in short about the happening in the share price ---
1. Accumulation phase ---
Multiple Liquidity sweeps and consolidation formed a retailer's trap between 185-201 levels
(It took 50 days into consolidation and hovered in 15 points {185-200} )
2. Manipulation phase ----
Retailers trapped during the breakout followed by a fake out reversal.
Price made 2 times rejection from 30 min time frame FVG + Order block levels
3. Distribution phase -----
Price started rejecting HTF POI and started sharp sell-off.
Here we can understand that smart money exited positions and made sell-off.
Also, we see today price made a low exact at the level where Gap Imbalance was created.
here we can also see that, today in a single day price moved from 214 to 188.
Anything rests, Explained in the chart itself.
Expectation for next move ----Potential upside from 172-175 levels.
(Views are only for educational purpose. Do not consider it as an investments planning.)
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.