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Price discovery desk · Issue 181 · Continuous session
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Three sessions of upper wicks finally cleared. The 184 shelf that capped April is now the floor buyers are defending on every retest.
Price barely moved but the histogram tripled. When the tape gets loud and the candle stays small, somebody is being filled quietly.
Four indecision bodies stacked at the same level is not indecision — it is an auction finding fair value before the next impulse.
Closes are a convention of the clock. Extremes are where the orders actually were, which is why our rail sparklines trace highs and lows.