False Breakout Today
TradeFlow is CQG’s innovative charting style that is color coded to track traded volume t 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.
Monday’s trading was a mixed day with the TFCross study showing buyers and sellers dominating the market at different times of the day.
This morning, the market edged above yesterday’s high, but failed.