What I look for in my trades! 🔥
4 Jan 2024 · 1 min

1:00
Kardec Trader explains unfinished auctions: price highs or lows where one side got wiped out. When the market leaves an auction incomplete, it tends to come back to finish it.

Kardec Trader explains unfinished auctions: price highs or lows where one side got wiped out. When the market leaves an auction incomplete, it tends to come back to finish it.
To. Another thing I look at as we're going into key levels is I look for something called unfinished auctions. So anytime there's a high or a low made in the movement, I look at those levels where the highs and lows are made and I identify if there is any sort of unfinished auction. So an unfinished auction looks something like this. This is what I want to see as a trader. If we hit a high, I want to see a zero on one side at least. Just as basic knowledge. Right, because that implies that, you know, traders in here, traders in here, they're aggressively hitting the ask and there's no orders on the other end. The auction is wiped out. Auction is finished. Now, of course, we saw it here, we didn't see it here, and we saw it here. Right. So it's not something where every time you see an auction finished, you go and you think the market or the stock is going to go down. The idea is if the auction hasn't finished on a high or a low, there is a probability that the market will go there again to finish the auction.