Ok an NF3 trade states we don’t fade what appears to be absorption coming off the low. People who hit the bid thinking we were going lower now need to hit the offer to get out. This causes a volume spike.
Question is now why doesn’t it spike through the Queue who is on the other side?
Could be first scalps for new longs! How easily does the market clear the queue on retest. Does it absorb again. On clearing the queue does the market hit the bid again?
