Drop - Base - Rally Zone
Drop from 1811 - Base Of 1803/1798 - Rally To 1813
TG:1819
Ext Drop: 1796/1794
A drop-base-rally zone form after the market has been falling and there is high percentage of retail traders placing sell orders at this time which shows there is lot of profits to be made. The bank traders comes into the market and consumes all sell orders and caused a reversal for the price to rally , eventually breaking the swing high found at the top of the last move lower .
Drop from 1811 - Base Of 1803/1798 - Rally To 1813
TG:1819
Ext Drop: 1796/1794
A drop-base-rally zone form after the market has been falling and there is high percentage of retail traders placing sell orders at this time which shows there is lot of profits to be made. The bank traders comes into the market and consumes all sell orders and caused a reversal for the price to rally , eventually breaking the swing high found at the top of the last move lower .