Power of 3Price action has three phases
- Accumulation
- Manipulation
- Distribution
A fter AnalyticsGPT demo this is not what i expected price to do. Infact most projected a significant bullish expansion following the good news .
It's typical manipulation that happens everyday when equities open due to news impact- JMHO
Stops are being hunted in the downside before price distributes the price higher to haunt shorts who think the market will continue to go lower.
Again JMO