A trader explains zero prints: price levels with bid volume but no offers on the order book. He shows two examples at $68.28 and $68.27¾, then walks through why the market returns to these gaps and how to use them as trade targets for bounces or shorts.
So you see here on my screen, there's two zero prints. You see a price $68.28. There's no volume on the right side where my cursor's at. There's 75 volume on the bid and zero on the offer. And then below that, $68.27 and 3/4 is 18 on the bid and zero on the offer. These are what I call zero prints, and the likelihood of the market revisiting them at some point is pretty high. So now I'll just mark these as levels. And at some point, probably when the pre-market lows break to pick up the liquidity, just be expecting a quick little bounce back up into $68.28. You are considering loading on the test on the short? Potentially using this as a level, as a magnet for where the market could revisit it possibly. And yeah, I would use this as a target for a long. Would you not consider maybe to visit after you feel at next liquid level, or you just, uh, it's enough for you? For this type of setup specifically, it's mainly just saying that, hey, we have zero prints on the chart and the likelihood of them filling is pretty high. The market revisiting them is significant. So, and then that's it. That's the idea.
