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The CanCan
CREATED: SUNDAY, 07 APRIL 2013

Very often price will move into, or even better, break out of a zone with strong momentum, creating
a pole.

Usually a pole will have a ag on top, gathering orders for price to advance.

But if the ag breaks back into the pole, this is a signi cant turn in value.

A CanCan can often occur at such an event.

Price moves hard, ags brie y, and moves back quickly with a Liquidity Spike. This liquidity spike
will mean there may very well be orders left to be lled at the edge of the ag, so you'll very often
see compression back towards it, with extra orders being hidden, so that when price hits the cap, it
can shoot back through the compression and on to the base of the pole.

Here's an example

and another
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and here's why it's called a cancan. Thanks Henri

Homework:

Find and describe at least 20 cancans throughout history. Any pair, any timeframe

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