Mostly a place to post charts you think are unusual. You can name time frame and mkt if you want. Not really lookign to discuss the formations or merits of them or looking for answers but if anyone wants totalk about them then that is great. I guess I am not looking to debate a bunch off weird charts.. weird is a relative term so it might not be weird to you but it is okay to post any CHART.
this is from today 12/20/2018 this algo ran 6 different cycles.. can you spot them .. it gets people to sell tehn maintains a support resist line then flips up.. then does the same thing over and ov6 x!! the message efficiency program the CME is suspended due to the holdiays so the algo's re having a freaking hay day!!!! that is straight up manipulation.. | | | | this is the down pattern.. it creates a box or rectangle of and then the inverse at the |____| end of teh chart you see a bunch of volume come into play which is the algos setting up to complete the big cycle by selling off hard and having all the unknow participant longs sell out also further puching price.. happens a lot.. should be banned
when you need to move a lot of size you cannot just drop in a 1000 lot without a lot of slippage.. so you create algos that move the mkt in small time frames to get yourself a good overall fill.. just like vwap was invented but these are shorter time frame and mor emanipulative to get price. The book doesn't have a lot of orders until you go out a few levels so you cannot always jsut try and jump into those levels.. you have to bring those levels down to your price and hoepfully snipe them when they get to your level. an example algo is called "prowler"