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Hi there,
My question today is: How can the Weak players cause such a large Climactic BO bar when they only make up a small % of the volume?
I'm guessing this is a big move up on relatively small volume? But how can that make markets move up so far so quickly?
Thank you!
These are the bulls who watched the market rally and kept waiting for a pullback to buy but never got a deep enough pullback. Finally, they gave up waiting and bought at the market causing the late climax.
Noah, Andrew - two more reasons (see attached) ... could be wrong
Thanks both, yes that much I understand.
What I wanted to know was, OK so they eventually buy... but how can so few traders buying cause such a spike in price?
Are we really saying that we're in this perfect storm that literally no-one else in the huge, liquid Emini market is Selling, allowing these few Buyers to push Price up so far?
Thanks
Noah
Why do you assume it's "so few traders"? Weak in this case likely means poorly capitalized and emotional rather than well capitalized and objective. It could be a lot of small desperate traders buying at the same time and if there are targets above then the strong bears will wait to sell until those targets are reached.
Thanks both, yes that much I understand.
What I wanted to know was, OK so they eventually buy... but how can so few traders buying cause such a spike in price?
Are we really saying that we're in this perfect storm that literally no-one else in the huge, liquid Emini market is Selling, allowing these few Buyers to push Price up so far?
Thanks
Noah
This might answer what you're really asking:
https://www.brookstradingcourse.com/support-forum/postid/7495/
