How To Trade Absorption On A Volume Ledge [PRICE LADDER]

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Richard leads this price ladder trading session with a replay of how a volume ledge got created which effectively acted as a key pivot level that could not have been identified by anyone merely trading with a chart.
We see how as soon as the market got through the $56.73 level in WTI Oil, where attempt to sell took place, the market quickly accelerated higher and used the level as support. Then again selling absorption showed up a bit higher up at $56.85.
Richard notes the key to reading the price action in a range like this is to notice the change in relative buying and selling. Only once the market exited out of this range between 73 and 85 were you able to see which side is likely to succeed in carrying to market. Most importantly, observing these levels of interaction via the price ladder assist traders in being able to get an earlier clue on important pivot points within a market.
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[@traderjoe9482]

Another great video guys. Using a price ladder is the only way to trade. Thanks!

[@R_radu]

Jesus Christ, i've learned a lot from this video. Wrote down all the details, great explanation!

[@AxiaFutures]

Glad it was helpful!

[@user-ub3qr4bj8g]

So, the market rips higher on thin volume. Market stalls, it is met with responsive sellers and absorption takes place, trapping these aggressive sellers and the market rips up again - electing sellers buy stops.
Market rotates back to this high volume node and buyers defend this area and those that were still short experiencing all that pain finally managed to cover by scratching the trade.
On the 3rd test, they failed to defend the above HVN, so we'll have a lot of sell stops below and market rips through the HVN electing buyers sell stops, fuelling the move lower?

[@DivanProdOfficial]

this is got to be the most important trading video I've ever seen on youtube by now

[@AxiaFutures]

Thank you! We'll keep them coming :)

[@shezadzindani4029]

my trading improved alot after watching specially this guy vdos , he is awesome ...

[@wxchief6737]

delta at the bottom ? 👀

[@omowaleaiyenuro7107]

Brilliant 👌👌👌👌👌

[@Yan-rh7mj]

Really great framework. Thanks.

[@silesianix]

Richard, I don't understand why you are using cumulative delta in case you know they loaded passive absorption. So it will be allocated wrong on delta and cumulative delta.

[@davidplyler8173]

Cumulative Delta negative divergence is my go to trade.

[@Patachitrader]

❤

[@AxiaFutures]

Thanks for watching!

[@axelkangou731]

Do you guys use algorithmic programming for pattern recognition and spread trading

[@zeeali7463]

i wish i can get my training with Richard

[@RVKKify]

is that sierra, cqg, or something else?