They are selling into the strength IMO. That's what changes trends, when all the big money is out and bad news or something else hits the herd runs too little too late. Buy low on panic, sell high on news that creates herd greed.
Scaling in at lows 1,2 and 3. Hype rally then selling at 4. Rinse and repeat.
Also noteworthy is the supply line (volume by price)...they sold at the same key level both times with large volume. Then notice the limited volume that follows the hidden selling, that's big money showing no demand. This is how the market cycles and why I say retail moves nothing and big money is the coattail to ride. It's also why I suggest noting key levels at least as heavily as trendlines if not more so.
Good trading guys.
