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#16 (permalink)
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Market Wizard
Columbus, OH
Trading Experience: None
Platform: NT 8, TOS
Favorite Futures: ES
Posts: 3,461 since Aug 2009
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unfinished auction
it looks like an "unfinished auction". this specific pattern occurs quite often.
here's an example:
- market was 2732.25 / 2732.50. 58 contracts traded on the bid and 130 contracts on the offer. then the market went up to 2732.50 / 2732.75. 55 contracts traded at the bid, but nothing was traded at the offer.
time & sales would show the following at 2732.50: 130 as buys (green) and 55 as sells (red)
easiest way to see this pattern is by a footprint chart.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).
and here's some documentation about unfinished auction (or business)
https://footprintchart.com/see-inside-the-chart-1/2016/02/19/unfinished-auction-aka-unfinished-business
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