GTSM sometimes puts up a fake bid to entice buyers to hit the ask... Now if that huge ask gets taken out we might have something here. I did take out the .0008s today.
GTSM is usually the primary manipulation mm for foreign traders. If selling at .0008 or buying at .0008 is the goal we have no way of knowing. The PPS big block manipulation is most always the beginning of a major PPS shift.
TooFrank finds the recent price action and big blocks on L2 a very good sign major players are involved. When volume picks up the MMs will have to tip their hand on which direction we go… up or down.
This pattern is always at the beginning of a PPS run to get retail involved by creating price action and volume alerts. But… does not guarantee a PPS run. Sometimes they fake out retail.