Transcript excerpt: speaker explains that the market formed a low-volume area around the 5615–5610 price region and a demand level at 5602. They describe seeing selling (red bubbles) into a passive buyer, and interpret the passive buyer getting filled as confirmation to go long, placing stop loss under the lows.
What we're going to see here is here we see the area of low volume at the 5615s, 5610s. Here we see the volume tail at the low. And keep in mind, the level of demand was at 5602. So here is where the market bounced off that level of demand. Here at the bounce of demand, you could see a lot of red bubbles or a lot of selling activity. And here you could even see a large passive buyer. There again, if there's a lot of selling, who are they selling to? They're selling to these passive buyers sitting there. At the level of demand, the market bounces, forms this level of low volume. When we pull back here, 5610, 5611 is inside this level of low volume. You could see these two orange lines, 5610, those are passive buyers in the market. Market's pulling back. Again. The concept of the strategy is putting ourselves in the position of large buyers. We can validate this by looking at this passive buyer sitting here. If he didn't get filled, we wouldn't see the volume hitting him. But there's somebody selling, hitting that buyer. And this for me right here is good enough confirmation to get long. Placing my stop loss under those lows, capitalizing on this passive buyer right here getting filled.
