Let's look at the mechanism that leads to this phenomenon
1-Short Covering Trades
2- Short Squeeze + Gama Squeeze just before Quadruple Witch, it was top rank on Wallstreet Bets in this trading week.
3- Market Makers: Max Pain: 113 which means market makers are the winner of this game..!
Do not forget:
A: BABA is still 65% away from its all-time high..!
B: Still moving below 50EMA
C: It moves in a downward trend
Soon you will find out the difference between a bullish trend and Covering Shorts..!
I have covered all these topics a couple of months ago..!
Is there hidden rationality beyond irrationality?
Max Pain or Short squeeze?
What is "witching" and why is it quadruple?
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
1-Short Covering Trades
2- Short Squeeze + Gama Squeeze just before Quadruple Witch, it was top rank on Wallstreet Bets in this trading week.
3- Market Makers: Max Pain: 113 which means market makers are the winner of this game..!
Do not forget:
A: BABA is still 65% away from its all-time high..!
B: Still moving below 50EMA
C: It moves in a downward trend
Soon you will find out the difference between a bullish trend and Covering Shorts..!
I have covered all these topics a couple of months ago..!
Is there hidden rationality beyond irrationality?
Max Pain or Short squeeze?
What is "witching" and why is it quadruple?
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.