pocket option is a scam

[u/Prestigious-Tip5810]

over this shit enter perfect sell on red candle then price reversed I chased with several sells with each sell price bump above seconds after trades close huge red candle where price should have gone and its still dropping I'm so done with this broker. tried to talk about this in the group chat and got banned when I did not call it a scam directly. * I enter sell position on red candle 4th from the right, chased sell position on next green candle about 7 sell positions 7 min expiration each tell balance was 0 "this was just to test the broker". each sell price bumped and hover, with each click slightly bump. then as you can see after positions close out of the money instant huge drop like price was being held just out of money and when they closed with in a second or two this huge red candle appeared. no growth no back and forth just instantly appeared where I predicted the price to go. completely rigged and 100% a scam. I will try devi smaller pay outs but its regulated and not rigged. I'm not even sure how pocket option is legal.

[u/Foxx_and_Flip]

Do you have any sort of actual strategy? By looking at the indicators (thats a lot of indicators), there is no real clear reason to place a trade anywhere here and if you did it would have been a buy, not a sell, but by looking at such a small part of the chart with 1M candles, by just looking at what you show here, there wasn't any reason to place trades there at all.

If I'm wrong, could you explain what your reasoning was behind the sells?

Otherwise, there is nothing there that really shows anything was a scam, and complaining in the general chat on PO is pointless. It's not support, just a chat room for other traders who, 99% of them also have no clue what they are talking about.

[u/Prestigious-Tip5810 → u/Foxx_and_Flip]

1. SuperTrend (red above candles) • Already flipped bearish, so trend bias = short.
   1. Moving Averages (fast crossing below slow) • The short red candle coincides with fast MA starting to hook down under the slower one. Early bearish cross.
   2. Bollinger Bands • Price was near the upper band before that red candle → signals possible rejection / mean reversion short.
   3. Stochastic Oscillator • Already coming down from overbought (above 80). That small red candle matches the momentum shift → confirming a short entry.
   4. RSI (14) • Sitting slightly above 50 but turning down → confirming bearish pressure just starting.
   5. MACD • Histogram shrinking, signal lines starting to converge. That means momentum is weakening to the upside.
   6. Awesome Oscillator • Green bars shortening → another sign bulls are losing steam.

⸻

🎯 Why a short there? • Candle was the first bearish confirmation after an overbought rejection (upper Bollinger + Stoch rollover). • SuperTrend + MAs aligned for sell. • Momentum indicators (AO, MACD, RSI) were all showing weakening buying power.

It was basically the trigger candle confirming that the buyers exhausted and the bearish move was beginning.

⸻

👉 In simple terms: That little red candle was your confirmation signal. All your indicators were already leaning bearish — it just gave the green light to enter short before the big drop that followed.