WRONG!!
i have nothing to do with walls. Walls are not necessarily created at a typical resistance points but can be.
A wall is constructed from either a large seller or a group of sellers at a particular price and evident in the market depth.
A potential resistance point is typically identified on the chart (not in the depth though a wall in the depth might appear at resistance).
You're confused with the definition between a seller wall and resistance, though they can both appear at the same price level they're different terms.
i wouldn't be laughing at your own lack of understanding of trading terminology, but you are welcome to.
i have drawn an arrow at a wall in the depth of AXE @70c it's a wall as decent volume, keep in mind others may appear onnce market opens
Then i have drawn resistance lines on the chart
WRONG!!i have nothing to do with walls. Walls are not...
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Last
37.5¢ |
Change
0.010(2.74%) |
Mkt cap ! $95.56M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 38.5¢ | 37.0¢ | $91.46K | 242.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14663 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 3278 | 1 |
View Market Depth
| Last trade - 15.26pm 07/06/2024 (20 minute delay) ? |
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Last
37.5¢ |
Change
0.010 ( 0.64 %) |
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| Open | High | Low | Volume | ||
| 38.5¢ | 38.5¢ | 37.0¢ | 113316 | ||
| Last updated 15.24pm 07/06/2024 ? | |||||
| AXE (ASX) Chart |