It is a signal that bullish lengthy positions are probably getting crowded, and a slight worth pullback may see over leveraged bulls capitulate, closing their longs and inadvertently exacerbating draw back pressures available in the market. Leverage washouts have been a standard phenomenon in earlier bull markets, usually resulting in a sudden double-digit proportion worth drops.
_id_9f16ee37-0ff4-49b2-8bd5-6698032c6f4e_size900.jpg)
