Instututional selling taking long positions out of the market.
Once the lows have been taken and the buyers have been taken out of the market, the market makers will then possibly move lower to create false direction, or move higher as intended to simulate a recovery.
If price moves lower, this will attract sellers and could possibly reverse to also clean out the shorts before a move higher.
Once the lows have been taken and the buyers have been taken out of the market, the market makers will then possibly move lower to create false direction, or move higher as intended to simulate a recovery.
If price moves lower, this will attract sellers and could possibly reverse to also clean out the shorts before a move higher.