Here you can see the slightest difference between orange controlled buying and magenta controlled selling - but the fact that magenta has proven control over the past 2 bounces indicates that magenta is in control and this is in fact a larger liquidity build for the bulls.
Helpful to know this for all future analysis!
Happy Trading :)
- TraderDaddyOG
Key words to understand:
- Tapering
- Liquidity
- Tapering
- Tapering
It's important to understand how liquidity plays a role in moving price and what it actually means. In order for price to make a solid move anywhere, there has to be liquidity built up for price to grab (use) to break out of strong resistance levels (i.e. levels with lots of sellers ready to...