chartical Training – Part 23 You have probably come across a parameter called market depth when trading in financial markets. Market depth chart can simply show us the amounts offered by buyers or sellers in the market. A thorough understanding of this chart and the philosophy behind it will give us a complete overview of how the price moves. Finally with such an overview, the traders who work with the Price Action method can be at least one step ahead of other traders. It means, they trade at such good prices that others are still willing to trade at worse amounts.
As the price progresses in the chart, several swing highs and lows are formed. We talked about them in detail in the previous videos. In