Richy_T
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June 20, 2013, 05:06:02 PM

Question for the Wall specialists.

When you look at the form of the wall the sell side looks like a strong wave about to flood over the buy side, just like the buy side looked when it was going up fastly at the start of the year.

Currently the buy wall looks like a gradual slope up, looks much weaker then the wave on the sell side, and if I remember correctly the sell side also looked like this at the start of the year.

Is it fair to conclude that the sell side is stronger when looking at the form of the walls?

And is it fair to conclude from that that prices have a higher chance to go down than up, based on wall form?

You tend to see this when the price moves. The movement "eats" into the side it moves into making it look steep. Many orders are cancelled automatically (and other new ones placed) but it can take a while for those trading manually to adapt to new circumstances.