Voodoo Tradings
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Reason for sell on rise
Call writing is more then double then put writing
Rise is just a trap
as every retail traders are expecting further fall
By now almost everyone SL got hit
it's 220+ point rise from bottom
Telegrams are giving call spread strategies
Better to stay without trade but don't go for bullish strategies
Once writing goes equal, rise is seen as max traders are focusing on sell only
Focus on OI change you will get clean trades
Now put writers took over
Put writers are supporting the rise or consolidation
In morning it was like 2 Vs 4 now 4 Vs 2
3 min time frame