I call it the 3 step because there's an initialization period followed by 3 steps. Defining the init can be hit or miss, but it's always there. Next, there's 3 bumps, followed by (usually) a pump. Dumps are also seen, and they depend on what the algorithm detects after the init/3 step process. I don't know exactly what the algo does but it's pretty clearly manipulating the market. Look at the volume signal, the oscillator, and the PA: it's NOT RANDOM!!!!!!
If this isn't a case for regulation, I don't know what is. Someone is manipulating the market algorithmically, consistently, for the last 24 hours at least with this particular sequence. And retail just laps it up like nectar from the gods or something- all the while, the table is tilted, the game is rigged. Nobody seems to notice, nobody seems to care.
This algo can be easily beat by staying out of high (or any) leverage and buying the dips--- but the house always wins here, folks. Disgusting.
Oh, one more thing. You can't see this manipulation on the longer timeframes, and TV won't allow 1 minute trend charts to be posted (which is poor design, IMO!--- figure it out!!!).
If this isn't a case for regulation, I don't know what is. Someone is manipulating the market algorithmically, consistently, for the last 24 hours at least with this particular sequence. And retail just laps it up like nectar from the gods or something- all the while, the table is tilted, the game is rigged. Nobody seems to notice, nobody seems to care.
This algo can be easily beat by staying out of high (or any) leverage and buying the dips--- but the house always wins here, folks. Disgusting.
Oh, one more thing. You can't see this manipulation on the longer timeframes, and TV won't allow 1 minute trend charts to be posted (which is poor design, IMO!--- figure it out!!!).