Market maker trading is something interesting, which I don’t currently know much about.
I watched a Youtube clip which made the point that by the time price reached a significant high, most traders wold have buy orders above this, and the market makers would drive price down as soon as these were triggered. In fact the demonstration of this was a shooting star candle.
But they omitted to deal with two arguments. Firstly, in a consistent uptrend, most private retail positions are already short: most traders expect a handsome return from the failure of a consistent trend and jump in first in the counter-trend direction. Its hard to think why a huge number of traders suddenly decide to get long when the positions the broker reports we can see are mostly short.
Secondly, price had already made a stream of significant new highs in the course of the uptrend. So what made them jump on the traders when price reached this particular point, but they ignored the opportunity for easy money at ;least 20 times already?
Not very convinced so far but is there more to it?