When it comes to an unprotected low see it as the freshest low that was created from the expansion downwards, in this case. It forms small unclear structure, but not concise patterns, no good directional bias.

Price in this case looks a bit rigged, it looks messy. Uncertain.

What does that remind you of? Price is liquid during this time, it’s transactable, but there are too many participants in the market for clear direction.

Everyone is content with the price at which they are bidding and asking for. So, no need for accumulations or distributions.

But this area, especially the weak lows, will be used to gain liquidity for further direction. We don’t try and predict which direction, but we use this area as a draw on liquidity and potential target which we want to slam through.