$NOT 👀👀
💥💥I want to explain this structure! 💥💥
It is Called Strategy of Exhaustion!
Later But after Some Rejection It Hit expected Level!
What Is Exhaustion?
Exhaustion is a situation in which a majority of participants trading in the same asset are either long or short, which leaves few investors to take the other side of the transaction when participants wish to close their positions. For example, if everyone has already bought, when those people want to sell, there will be no more buyers to sell. This will cause the price to fall.
Understanding Exhaustion!
A trend is exhausted when the price of the asset has moved too far in one direction. This may occur when the number of buyers in the auction dwindles and sellers start to take over. Exhaustion is reached when the asset does not have the support from buyers or sellers to continue moving either up or down.
