a lot of times in last hour when you see 4000 offered at each of the next four prices, its the buyer trying to hold down price so he gets a better fill
Short from 1467.75. I understand the phoney numbers on the DOM. I'm asking about actual trades on the time-and-sales window, which is another matter altogether.
H&S works on all timeframes. However, the H&S is not confirmed until the the price penetrates the neckline after the right shoulder. Some consider that it is not confirmed until it then re-tests the neckline and fails.
City of Chicago Weather ( snow showers and cloudy) New York city Weather (cloudy). Let see if the combination works with the 3:30 run up scenario.
MB, IMO the phenomenon you are describing is just how the "software" reports/shows the trades. If the BID is taken out, and the order then begins to "chew" on the next level down it; will print as though the order is outside the bid/ask spread. This happens because the ask remained where it was. IF the asked moved down in the same instance as the original order took out the prevailing Bid; the trades would then be reported as "at the bid." So you are correct in that the trades are at the prevailing bid; it is just that the bid is now "away" from the "original" ask. disclaimer: I can be wrong.
That was pretty ballzzy! The Fib 61%support came in on 1467.75 and the stochastic met bottom on the one minute chart. With that type of scenario you get the old sling shot up affect.
this is a choppy mess... I have a buy stop to ride the H&S failure if it presents itself with a very very tight stop. Lot of stops above this market... edit:filled long at 1470.50 1.5 stop may bail early if I dont see demand chop suey... not a plan trade.. was gettin bored figures..