Oliver 1 Posted January 4, 2020 So I understand the basics of a large bid = bearish signal and a large ask = bullish signal. But I was reading "One Good Trade" and it talks about a held bid and how that is a bullish sign. So my question is what is the difference between a big bid that is a bearish indicator and a held bid that is bullish and how do you tell the difference. Both are big bids but seem to give different indicators. Thanks everyone. Share this post Link to post Share on other sites
Oliver 1 Posted January 5, 2020 So if you see a large order on the bid side of the L2 right at the bid that is filling but the price doesn't drop then that is the held bid and a bullish sign, but if a large bid is on the L2 some distance from the bids then it is the bearish sign? 1 Share this post Link to post Share on other sites
corylee4870 2 Posted February 11, 2020 My understanding after watching Carlos' video on level 2 is that orders stacking up on the Bid side is Bearish and orders stacking up on the Ask side is Bullish. Also, it is my understanding that a large Ask size may act as a Resistance due to not enough buyers and a large Bid size may act as a Support due to not enough sellers. 1 Share this post Link to post Share on other sites
