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Alias Born | 08/16/2010 |
Tuesday, December 13, 2016 9:14:05 PM
So, heavy sell volume eats up the bid eventually dropping it, and heavy buy volume eats up the ask eventually raising it.
Look to the right of this message at the chart. You can see the big red bars showing heavy sell volume, and a drop in the bid/ask.
This is why traders watch level 2s. It shows how much is on the bid and ask.
DISCLAIMER: ALL MY POSTS ARE MY OWN PERSONAL OPINIONS AND NOT RECOMMENDATIONS TO BUY, SELL OR HOLD SECURITIES. DO YOUR OWN RESEARCH/DD AND MAKE YOUR OWN TRADING DECISIONS.
People kill for money. What makes you think they will not lie to you for yours?
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