Daytrading December 23 afternoon, page-116

  1. 22,593 Posts.
    your welcome @Super Sleuth, spread is the same as range of candle

    KDoc, not sure I understand the question but anyway here goes .. yes both of those examples would be to go lower next day .. one example is of pure 'no demand' and that will normally only work with weakness in the background .. the other (NOR) example is of hidden selling and that can be seen with the chart of NOR yesterday.. ignore what it has done today and only focus on how large that spike in volume was and how narrow its spread was .. that is selling or if it has an old top to the left it could be absorbing but that's not the case here

    chart of LYC .. today we can see its narrowing spread but now on this latest (hourly) update we can see volume has been building so it wont be classed as no demand but possibly just an upthrust

    LYC

    Capture.PNGdhgdh.PNG

    NOR

    Capture.PNGggsfdg.PNG
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