Inducements
Topglove broke down trend line. ( yellow dotted). 21/March/23.Topglove’s Price will be trending up to 3.78 +/-.( a potential of 320% growth from current price).. Slightly “exceeding” the inducement/ stop hunting zone. (3.00)..Where FOMO ( fear or missing out) investors/traders will “stuck” again due to a “deep pullback “ of -50% toward 1.69+/-
STEP 3) WAIT to see Price RETEST of HTF''s POI on Counter-Trend It is an established fact that price usually makes a RETEST to the protected Demand or Supply zone regarded as Institutional Order Flow (IOF).
So it is critical for every price action trader to WAIT for a Return to Order (RTO) . But this doesn't mean that price must hit the POI at all times.
They are others factors that may like to cause price reaction off the Demand or Supply zone. These factors include: Imbalance, Hidden Base,
Inducements, e.t.c.
