This is a classic sentiment trade. It's a contrarian style. If 78% are short, how will they get paid? They can't! So the market collects their stop losses before going short. Then once majority are Long, the market will go short to collect premium in stop losses. Sentiment trading is a game changer.
Note
Check out DAILFX for sentiment trading. dailyfx.com/sentiment
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.