A shakeout is a situation in which investors or traders exit their positions in a stock often at a loss. A shakeout is usually caused by uncertainty or recent bad news in the market. This gives Smart Money an opportunity to accumulate lower.
Here are the few signs
1. Downbar low volum
2. Upbar with high volume
3. Re-test the support with Strength signal
Below is the recording video
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock