Let's look at the mechanism that leads to this phenomenon
1-Short Covering Trades
2- Short Squeeze + Gama Squeeze just before Quadruple Witch, it was top rank on Wallstreet Bets in this trading week.
3- Market Makers: Max Pain: 113 which means market makers are the winner of this game..!
Do not forget: A: BABA is still 65% away from its all-time high..! B: Still moving below 50EMA C: It moves in a downward trend
Soon you will find out the difference between a bullish trend and Covering Shorts..!
I have covered all these topics a couple of months ago..!
Is there hidden rationality beyond irrationality?
Max Pain or Short squeeze?
What is "witching" and why is it quadruple?
Best,
Dr. Moshkelgosha M.D
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