CP - Congestion Point
I may post in detail, if you reply my post 15.
I may post in detail, if you reply my post 15.
Anyways, as far as theory goes, Congestion is a Price Range where both Buyers n Sellers are trying to pull the Price with Equal strength in opposite directions and the poor Price finds itself in a tight spot like caught in a tug of war between two equally strong opposite teams.
But thats textbook and thats not our curiosity about, we, poor under privileged, would like to know what is Congestion in your context ? and how, you, my friend, arrive at those Congested Price figures ? (i know that Snap Quote window in Indian Trading Terminals do not go that far).
TNB Bhai..
Congestion is slow movement of any item or thought due to many contradicting views ... what is interesting to know is how you measure price congestion, as congestion on a lower time frame could look pretty normal on a larger TF. I am assuming you are just reading candles and volumes and not analyzing order flow (buy and sell orders).
Throw some light
Congestion is slow movement of any item or thought due to many contradicting views ... what is interesting to know is how you measure price congestion, as congestion on a lower time frame could look pretty normal on a larger TF. I am assuming you are just reading candles and volumes and not analyzing order flow (buy and sell orders).
Throw some light
Open Sesame
