No way of knowing who's signaling the direction their tier 1 volume stack is building.
There are more then 1 M&M in this game. Your not seeing retail orders, your seeing M&M orders they don't want to close or can't.
What happens is when retail trading interest slows down. All the M&Ms will vote on which way they would like the price direction to go to close their tier 1 bid/ask stacks. If you see more smaller then logical trades close at ask, then the M&Ms as a group, want a price direction higher. If seen at bid, direction consensus is lower.
Remember your seeing the Inter-dealer Quotation system the OTC Link® ATS system. Which is the second tier on the OTC market.
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