GC. Continuation Pattern
We use mzMarketDepth and mzBigTrade indicators here.
What is Spoofing?
Spoofing is a big amount of flashed liquidity near best bid or best ask which will never be filled. Fake liquidity is placed by some intra-day algorithm. The goal of spoofing is to make some pressure on buyers or sellers. E.g. spoofing on bid will force some traders and scalping algorithms start to buy the instrument.
In this example, the result of spoofing #1 is triggering of stop-loss orders on the high.
Spoofing #2 is a confirmation of our short entry on selling continuation. But we need all pieces of that setup to make a confident short trade.