It depends entirely on whether the big players are in accumulation or distribution phase on the higher TF.
"Buying at wholesale prices, sell at retail" is another way of saying "buy low, sell high". In other words, prices swing between overbought and oversold, even when they're trending.
@CliftonSlvers
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- Day Trader’s Aftermarket Lounge 17 Nov 2020
Day Trader’s Aftermarket Lounge 17 Nov 2020, page-102
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