Death comes to us all. Life's but a walking shadow | It seems to me that you are assigning quite a bit of deliberate malevolent intent when you say: "And what better way to finish off your position than push the price out of the coil in the opposite direction, running the stops that are hiding behind unsupported structural levels, stealing those positions to boot." Not that I disagree just it makes one that much more hesitant to participate as a producer.
Your observation about harvesting the stops raises the question as to whether an interruption in a ongoing trend might actually be planned and executed by the deep pockets deliberately just to harvest the market. You can just imagine a couple three whales (or sharks rather) deciding that now is a good time to reverse the trend long enough to extract a few coins along the way. |
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