Iranian Speaker Highlights Market Manipulation Tactics

Iranian Parliament Speaker Mohammad Bagher Ghalibaf has issued a warning regarding pre-market information, emphasizing that such 'news' or 'truths' are often traps set for profit-taking. According to PANews, Ghalibaf described these tactics as reverse indicators, advising traders to act contrary to the apparent market movements. He suggested that if prices are driven up, traders should consider short selling, and if there is a sell-off, they should consider buying. Ghalibaf's remarks aim to guide traders in recognizing and responding to potential market manipulation.