A pattern detector used in Strota's smart-money tracker for Indian markets. Experimental — not yet backtest-validated.
Within 2 trading days of monthly F&O expiry (last Thursday).
Option writers actively defend high-OI strikes near expiry. Theta accelerates, max-pain becomes a magnet, intraday moves get whippier. Context, not a prediction.
This tag has not fired in our backtest window yet.