Michael Rosado on Nostr: Price action is an algorithmic language. It’s a machine constantly looking for ...
Price action is an algorithmic language. It’s a machine constantly looking for liquidity. Its job is to DELIVER price to Sellside liquidity( sell stops) and buy side liquidity (buy stops).
It has nothing to do with the amount of buyers and sellers in an order book.
When you dig deep enough there are too many examples of price stopping on a dime at a specific price and even more importantly at a specific time.
It has nothing to do with the amount of buyers and sellers in an order book.
When you dig deep enough there are too many examples of price stopping on a dime at a specific price and even more importantly at a specific time.