Buyers Appearing After Weak Start
TradeFlow is CQG’s innovative charting style that is color coded to track traded volume at the ask price versus bid price. The high and the low of the TradeFlow bar is the best bid and ask prices. The TradeFlow bar is colored green for the percentage of volume at the ask price (buying) and red for the percentage of volume of trades at the bid price (selling). For more information on TradeFlow, please see the article list.
The chart is using the 5-tick aggregation.
Friday’s trading was marked with anemic buying and sellers dominating. The TFCross study only barely reached into positive territory but hit weak levels as the market rolled over.
Today, following a break below Friday’s low buyers have stepped up