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Re: Market Observations:

Ogee, Tue May 17, 2022 1:08 am

Intrest 1 wrote: Tue May 17, 2022 1:02 am "- Assume that whoever controls the pivot controls the day - thus far.


(can you tell it's a 'slow as f*** day'?)"

This point is not clear.
What does it mean to "control the pivot"?
Pivot is about the same as today's open day, which means that no real orders have appeared and the market maker flattens his orders without execution. He has nowhere to move the market and there is no need, because there is no one on the market except the market maker himself.
When players with large lots appear,
then the market maker will move the market based on the state of its balance
On a fast day the Renko chart would have printed 5 - 10 times more bricks.

Keeping price above or below the pivot indicates which side is in control.

Er, yes - if there are no big buyers or sellers then the market won't move much.
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