RELX At Exceptional Risk/Reward For A Short Here. Bullet Catch.

18 apr 2023

RELX has performed a liquidity sweep above previous ATH and is setting up for a lovely example of what I like to call a bullet catch pattern. The catch is considerably wider than the impulse move (bullet). The street trapped retail traders above the ATH in longs and can now flush this thing. The key here was the candle BODY close below the orange line. That was the start of the setup.