Trading

How to read tape: part 3

Our third part of tape reading, involves TIS, how MM love to play with us, in this case ARCA

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TIS opens, start to look for a fail of 2emas 1mins chart. Look that 2.22 supp with 6800shares, when it starts chipping, sh the bid

 

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Weakness, add more, red prints, 2.22 chipping

 

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Now look at ARCA at 2.15  10.300 shares, trying to hold and make a support

 

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2.15 fails, red prints, you can see on right red prints at 2.15, totally chipped fast and gone, adding conviction that now longs are underwater. Now AMEX is there with 10k shares

 

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Sellers still continue to dump, AMEX went, check all red prints, dilution and only selling on t&s