Tape reading is considered the art of interpreting price action real-time based on the Level II box. While using the tape it is possible to determine player's mindsets and fluctuations in supply and demand.
Reading the tape is all about evaluation of the bid, offer, size, volume, and prints. With reading the tape it will be easier to determine where the stock is going to move about Seventy percent of the time.
Tape reading is a crucial technique to understand as an day trader because
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