As it stands retail sentiment has remained net-long for a number of weeks.
I take a contrarian view to retail sentiment and begin to look at how liquidity is being engineered. Retail is not wrong - they are often just way too early or way too late - in this case - the former.
Many will see some kind of support but this will hold just briefly to move into an order block strong enough to attract institutional shorts.
Many order blocks can be engineered and for a day trader this play is a gem.
I take a contrarian view to retail sentiment and begin to look at how liquidity is being engineered. Retail is not wrong - they are often just way too early or way too late - in this case - the former.
Many will see some kind of support but this will hold just briefly to move into an order block strong enough to attract institutional shorts.
Many order blocks can be engineered and for a day trader this play is a gem.