I'm just using the highest volume bars as support and resistance to pick the reversals and currently we are are a reversal level in line with the SPY reversal at the bottom of an Uptrend channel
It looks like there were a whole bunch of Buy limit orders waiting at the bottom of the Gap on the left because price quickly rejected that level. This was a classic liquidity grab by the big institutions because the double bottom created the necessary liquidity for the big boys to participate on the long side. Only big money can stop the fall and reverse it,...