If yous click on the nautical chart above, you'll encounter where real heavy relative book entered the marketplace equally nosotros approached the 1124 expanse inwards the ES futures. Notice that the book is relatively two-sided: there's is enough of book hitting bids too equally lifting offers. That tells us that longer-timeframe traders are seeing selling chance inwards the higher prices, luring them into marketplace participation. It's when nosotros encounter relatively one-sided merchandise plough into a two-sided merchandise that nosotros laid out to degree areas of cost resistance in addition to support.
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