You will see a large number of buy market orders hitting the offer (the "top"), but the price refuses to tick higher . This indicates a large passive seller is absorbing all the buying momentum .
Most retail traders see price make a new high and buy the breakout. They are buying from the institutional traders who are selling into that strength. The crack top is the signature of a professional short sale.
You will see a large number of buy market orders hitting the offer (the "top"), but the price refuses to tick higher . This indicates a large passive seller is absorbing all the buying momentum .
Most retail traders see price make a new high and buy the breakout. They are buying from the institutional traders who are selling into that strength. The crack top is the signature of a professional short sale. jigsaw trading crack top