Hello,
I'm a relative newbie and would like to ask if someone can explain to me in rather straightforward terms how this type of thing takes place in the market. I've seen this sort of thing often when back testing over old charts. It's all about 1hr 20 mins into New York session this past year on 5 minutes chart. I don't believe it is news related.
How can the associations push price up such as this then down to complete below. Obviously market exploitation but how and why (stop sweeping?!) .
Thank you, all replies welcome (I think)