This could potentially turn into a stop hunt. As we see price created the illusion it was bouncing off support (see the blue arrow), and has now returned and broken below. 95% of retail traders are told to buy at support and sell at resistance.Guess where they are also told to place their stops? Right at the dollar sign. Liquidity the banks need to fill their enormous order. The cycle repeats and 95% of traders continue to fail.
Trade closed: target reached:
See the next post titled "LIVE STOP HUNTING RESULT" to see the winning result and further explanation.