If you lot click on the Market Delta nautical chart above, you'll run across how book (and book transacted at the market's offering price) expanded on the breakout to pre-opening toll highs. That gave us a dainty signal that the pause was for real: it was attracting the participation of large traders.
Note too how book dried upward every minute nosotros approached those breakout levels on subsequent pullbacks. The prices that attracted skillful buying book could non attract skillful selling volume.
That is of import data for the intraday trader. We desire to run across toll levels that attract buyers together with sellers, only too those where buying together with selling close off. When a toll grade clearly attracts buying involvement together with clearly cannot facilitate selling, that becomes of import near-term support.
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