Indian Energy Exc Ltd.
I tried to analyze deeply how and why Smart money gave this fall and reason behind this.
Timeframe used here is --- 30 min
Here i saw Power of 3 concepts, Accumulation, Manipulation and Distribution
I would like to discuss in short about the happening in the share price ---
1. Accumulation phase ---
Multiple Liquidity sweeps and consolidation formed a retailer's trap between 185-201 levels
(It took 50 days into consolidation and hovered in 15 points {185-200} )
2. Manipulation phase ----
Retailers trapped during the breakout followed by a fake out reversal.
Price made 2 times rejection from 30 min time frame FVG + Order block levels
3. Distribution phase -----
Price started rejecting HTF POI and started sharp sell-off.
Here we can understand that smart money exited positions and made sell-off.
Also, we see today price made a low exact at the level where Gap Imbalance was created.
here we can also see that, today in a single day price moved from 214 to 188.
Anything rests, Explained in the chart itself.
Expectation for next move ----Potential upside from 172-175 levels.
(Views are only for educational purpose. Do not consider it as an investments planning.)
I tried to analyze deeply how and why Smart money gave this fall and reason behind this.
Timeframe used here is --- 30 min
Here i saw Power of 3 concepts, Accumulation, Manipulation and Distribution
I would like to discuss in short about the happening in the share price ---
1. Accumulation phase ---
Multiple Liquidity sweeps and consolidation formed a retailer's trap between 185-201 levels
(It took 50 days into consolidation and hovered in 15 points {185-200} )
2. Manipulation phase ----
Retailers trapped during the breakout followed by a fake out reversal.
Price made 2 times rejection from 30 min time frame FVG + Order block levels
3. Distribution phase -----
Price started rejecting HTF POI and started sharp sell-off.
Here we can understand that smart money exited positions and made sell-off.
Also, we see today price made a low exact at the level where Gap Imbalance was created.
here we can also see that, today in a single day price moved from 214 to 188.
Anything rests, Explained in the chart itself.
Expectation for next move ----Potential upside from 172-175 levels.
(Views are only for educational purpose. Do not consider it as an investments planning.)
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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.
Related publications
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.