Tails relation to trading.
Updated
Tail it has all the characteristics and underlying implications of the excess price, but is stronger. The less time price spends at a certain price level, the more effective that price level will be in providing support or resistance for future price action. Because less time spent shows greater rejection. Observe how price goes above value and spends there the least amount of time possible. This level is rejected very swiftly.
Order cancelled
Not triggered
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.