Some say that is the only way to understand when Market Makers are trying to sell you overpriced tickers.
Considering the spread as the difference between today's open and close, if that is abnormal and it is not backed up by a significant volume, MMs are trying something dodgy with their prices.
There are several books on the subject, as it happens with every TA magic technique.
What do you think? Do you use it in your market analysis?
Considering the spread as the difference between today's open and close, if that is abnormal and it is not backed up by a significant volume, MMs are trying something dodgy with their prices.
There are several books on the subject, as it happens with every TA magic technique.
What do you think? Do you use it in your market analysis?