>>21157935I think he's saying for high volume tickers where there's millions of dollars per 15m candle, you're observing the net position of institutions sweep the ask or bid side liquidity to the upside or downside. This is what moves the candles and eventually creates patterns. And it's too much money for retail to be doing for one 15m candle, even all together.
So if institutions for whatever reason or no reason are leaning short on SPY, price will sweep down the bid side liquidity in the order book to fill all the market orders because the supply is overwhelming the demand.
There's only so many bids at current price, so if there's too many sell market orders then it literally has to go down to find liquidity.
