VARAUSD How To Spot Manipulation - Correlation and Confluence

Focusing only on the set of candles inside of the green box. Notice how VARA pumped in the early hours of the morning. At that time however MATIC was in the process of an indecision candle and even signaling a drop in price. Following this little pump MATIC remained flat and VARA quickly began descending down to its corrected average level.

I consider this as manipulation because even though it probably isn't the fact that large buy orders impacted the price at a percentage that is high enough to awaken breakout traders who make a habit of buying early morning breakout moves.

It just goes to show that on an average day one should consider correlation in their decision making as well as comparison with the other correlated markets such as DXY, BTC, and the stock indexes. Confluence can strengthen a traders decision to buy especially if order flow data agrees with the trade.

I am not a financial advisor, be careful my friends.