This chart shows the common stop-loss touch and bounce pattern. And this happened because I was liquidity.
The stop-loss was set at an "obvious" invalidation level, the previous supply level ($20,800). So, right below it, there was heavy bidding.
The stop-loss hunters will place their bids just slightly below presumed ask levels.
The stop-loss was set at an "obvious" invalidation level, the previous supply level ($20,800). So, right below it, there was heavy bidding.
The stop-loss hunters will place their bids just slightly below presumed ask levels.