Expound about the current market structure please.[/quote]
Well if you look at the current conditions..every time the market sell off it false less and less. Meaning every time the market picks up sell limit you are finding less and less orders being stacked. Also since the market is revisiting the same area at such fast fast pace its not giving time for orders to be build around a level. The first sell off was the biggest since the market had time to develop this orders. By having smaller amounts of sellers you are creating higher lows and bringing support very close to price creating the last waves close to the current price and making it a quick bargain for smaller timeframe traders creating demand. This is a bitt of what I am looking at hope it was clear
Well if you look at the current conditions..every time the market sell off it false less and less. Meaning every time the market picks up sell limit you are finding less and less orders being stacked. Also since the market is revisiting the same area at such fast fast pace its not giving time for orders to be build around a level. The first sell off was the biggest since the market had time to develop this orders. By having smaller amounts of sellers you are creating higher lows and bringing support very close to price creating the last waves close to the current price and making it a quick bargain for smaller timeframe traders creating demand. This is a bitt of what I am looking at hope it was clear