Here is a rather sloppy illustration of the algorithm trading pattern, but it gets the point across.
IMG
The circle in the lower left shows to clear consecutive repetitions. After this there is a lot of buying and then the pattern resumes clearly in the upper right circle once the "external" buying/selling volume dies off.
Good work, vigil!
Thanks. People on here were giving me sh*t for suggesting this earlier.
I can see that pattern repeating after the correction down to 475 earlier. Before that I am not able to see it.
Have you observed more patterns?
IIRC, the pattern you observed even has a name in TA.