We see price retests previous low and ran a set of stop losses on the buy side. After it took out the liquidity pool, the market can no longer expand so it need room to accumulate orders again, hence the sudden reversal.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
