Almichaelz
New member
- Joined
- Oct 31, 2020
- Posts
- 3
- Likes
- 3
Using Volume Imprint (Bid/Ask) I am trying to find stacked imbalances.
My understanding (reading the footprint literature) is - A sell imbalance (3 more more stacked imbalance) should create a resistance next time the price approaches it. And vice-versa for a buy imbalance.
But for some reason I see a Resistance Line on a Buy Imbalance and a Support Line on a Sell Imbalance.
I am surely missing something here.
Any help / suggestion will be highly appreciated.
Thanks
Almichael
My understanding (reading the footprint literature) is - A sell imbalance (3 more more stacked imbalance) should create a resistance next time the price approaches it. And vice-versa for a buy imbalance.
But for some reason I see a Resistance Line on a Buy Imbalance and a Support Line on a Sell Imbalance.
I am surely missing something here.
Any help / suggestion will be highly appreciated.
Thanks
Almichael