Whipsaw Engulfing
Whipsaw Engulfing [Bearish Whipsaw Engulfing] 1. Cluster (where supply and demand are balanced) near supply. 2. Cluster resolves north and becomes demand. Many novice breakout traders go long without knowing that they are going right into supply. 3. Cluster is engulfed south by big sellers in supply. Ignored cluster now becomes supply. 4. Need to go short when/if price retraces to cluster. You may find DBD in Sell Zone in lower timeframe to refine your short entry.
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