CL today - interpretation of tape / time and sales data | Traders Hideout


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CL today - interpretation of tape / time and sales data

  #16 (permalink)

Market Wizard
Columbus, OH
 
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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.

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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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